Clinton Foundation loses tax free charity status
Posted: Sun Dec 23, 2018 8:05 pm
Court rules "The Clinton Foundation “began acting as an agent of foreign governments ‘early in its life’ and throughout its existence. As such, the foundation should’ve registered under FARA (Foreign Agents Registration Act) Ultimately, the Foundation and its auditors conceded in formal submissions that it did operate as a (foreign) agent. Therefore the foundation is not entitled to its 501c3 tax-exempt privileges as outlined in IRS 170 (c)2."Now the government needs to take back the tax breaks they gave to those who donated to the Clinton Foundation over the years. Going forward it's a given donors will no longer be able to write the donations off. 90% had already stopped giving since the Clintons no longer can return the government favors.