UBT is a charity competing with a for-profit company. They SHOUKD pay the same rate as a corporation (21%), so as to not have an unfair advantage. They are still tax free on income from related activities. So if a private school charging tuition...but if that school ooens a laundromat, which competes with Joe’s laundromat down the block, then it should be taxed on it’s laundromat income to the same degree as Joe.
“So if a private school charging tuition...but if that....”
Should be: “So if a private school charges tuition, that’s tax-free...but if that....”