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Donating Profits Doesn't Warrant Tax Exemption: 9th Circ.

By Ama Sarfo ( May 19, 2015, 6:43 PM EDT) -- The Ninth Circuit on Monday refused to re-open planned online flower retailer Zagfly Inc.'s push to obtain tax-exempt status, siding with the U.S. Tax Court, which said the company's plans to donate its business profits to charitable organizations does not warrant the exemption....

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