By PATRICIA COHEN
Accused of a "massive deduction," Warren E. Buffett released data from 2015, showing mostly deductions for charitable donations and state tax.
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The University is a higher education corporation established under Section 121 of the Education Reform Act 1988 and is an exempt charity under charity legislation.[1]
An exempt charity is an institution established in England and Wales for charitable purposes which is exempt from registration with, and oversight by, the Charity Commission.
http://en.wikipedia.org/wiki/Exempt_charity
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