This article argues that the group tax exemption and consolidated group returns provide immense assistance to nonprofit healthcare organizations, because of simplicity, financial benefits and efficiency benefits. Part III will discuss what it means to be a tax-exempt entity and the legal basis for its existence, the historical basis of the exemption and its various rationales including relief of government burden, subsidy and income measurement theories. Part IV will explain the tax-exempt status in health care, the effects of the Affordable Care Act on the uninsured population, and key differences between for-profit entities and non-profit entities. Part V will both detail the consolidated reporting process from a financial accounting and tax perspective and also tie the group exemption rulings with industry concerns, benefits, and disadvantages.
Purpose and Power of the Group Tax Exemption in Health Care,
Rich. J. Global L. & Bus.
Available at: https://scholarship.richmond.edu/global/vol15/iss1/4