Russia

Trump could strip Soros foundation of tax exemptions – media

RT English · 2026-08-29

AI SUMMARY

• What happened: The Trump administration is reportedly moving to revoke tax-exempt status from several left-leaning nonprofits, including George Soros' Open Society Foundations, led by U.S. Treasury Secretary Scott Bessent and the IRS. • Why it matters: This initiative follows heightened scrutiny of these organizations, which the administration accuses of inciting violence and supporting terrorism, potentially leading to significant legal and operational repercussions for the affected nonprofits. • What to watch next: Monitor the outcomes of the Treasury Department's audits and investigations, as well as any legal challenges that may arise from these actions against the nonprofits and their supporters.

**Title: Trump Administration Moves to Revoke Tax Exemptions for Left-Wing Nonprofits**

The Trump administration is reportedly advancing efforts to revoke tax-exempt status from several left-leaning nonprofit organizations, including George Soros’ Open Society Foundations (OSF), the Southern Poverty Law Center (SPLC), and the Council on American-Islamic Relations (CAIR). This initiative is being led by U.S. Treasury Secretary Scott Bessent and the Internal Revenue Service (IRS), according to a report by the New York Post, which cites sources familiar with the situation.

President Donald Trump has long criticized the OSF and similar organizations, accusing them of inciting “violent protests” and harming the nation. The administration's scrutiny of these nonprofits intensified following the assassination of conservative activist Charlie Kirk in September of the previous year. In response to this incident, Trump designated the loosely organized Antifa movement, which he claims is supported by left-wing nonprofits, as a “domestic terrorist organization.”

Reports indicate that the U.S. Department of Justice (DoJ) has been exploring various potential charges against the OSF, including material support for terrorism, racketeering, arson, and wire fraud. The foundation has condemned these actions as politically motivated attacks on civil society.

The renewed focus on the OSF and other nonprofits is partially based on a 2025 executive order signed by Trump, which targets organizations operating with a “substantial illegal purpose.” The Treasury Department is preparing a comprehensive audit of these organizations, which are suspected of misusing the U.S. tax code. Sources suggest that officials are highly committed to these investigations, with some stating that many groups and their donors may be “on borrowed time.”

Despite the administration's determination, there are concerns that the push against these nonprofits could lead to a significant number of lawsuits and may lose momentum before achieving any substantial results. This is particularly true for groups that may be linked to foreign terrorist organizations, such as CAIR.

In a related move, the Trump administration recently took action against three European organizations, including two pro-Palestinian groups, designating them as transnational terrorists. The groups affected include Palestine Action and Masar Badil, along with Autistici/Inventati, which provides digital tools to left-wing activists globally. These organizations are now subject to sanctions from the U.S. State Department.

The administration's campaign against what it perceives as a “resurgence of far-left political terrorism” has faced criticism from various quarters. Detractors argue that Trump’s actions constitute unjustified political persecution. Independent experts have also raised concerns that the administration may be disproportionately targeting left-wing groups while overlooking right-wing extremism.

As the situation develops, the implications of these actions on the nonprofit sector and civil society at large remain to be seen. The ongoing investigations and potential revocation of tax exemptions could have significant repercussions for the organizations involved, their operations, and their supporters.

Source: RT English
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