Universities to U.S. Senate: Endowment tax idea 'fundamentally flawed'

WASHINGTON (Reuters) - Tax legislation working its way through the U.S. Senate would put a new levy on endowments held by large private universities and colleges, a proposal that more than three dozen higher-education lobbying groups on Tuesday called "fundamentally flawed."

from Reuters: U.S. http://ift.tt/2zHiLli