Question

Similar to other not-for-profits, government healthcare organizations are able to raise funds through equity investments and they are exempt from income taxes and property taxes.

true/false

Answer 1

False

Step-by-step explanation:

Non-profit organisation are exempted by the government from any sort of taxes to improve their operations and effectiveness. Government health organisation sometimes raise funds through equity investments, and any funds generated thought equity financing comes under tax bracket. In this regard, government healthcare organisations which raise funds by using equity financing are not exempted from income or property tax.