Word: avoiding
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Dates: during 1960-1969
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...danger of attempting to say nothing while talking, however, immediately became apparent. When Chicago Banker David Kennedy, who will head the Treasury, was asked about the Government's fixed price for gold ($35 an ounce), he declared: "I want to keep every option open." Kennedy really meant to avoid any policy statement at all. But his remark immediately set off a flurry of speculation that the gold price might be raised (see BUSINESS...
Kaunda, certain of re-election as President, was actually being rather two-faced. To avoid confusion, the 44-year-old father of his country (and nine of its children) is utilizing the election to turn Zambia peaceably into a one-party state. The party, of course, is his own United National Independent Party...
...avoid that, Nixon's strategy is to cool the economy gradually, probably by concentrating more on monetary policy than the Democrats have done. He also aims to hold back federal spending on social programs by giving rather modest tax breaks and other incentives to private businessmen who hire and train the hard-core unemployed. Though many businessmen still doubt whether they can do more than dent the problem, the National Alliance of Businessmen this year got off to a good start by persuading 12,000 employers to hire 84,000 hard-core jobless people and to train many...
...have become increasingly popular with Americans. Some who use them are underworld hoodlums, but many more are otherwise ordinary businessmen who play the Swiss numbers game to cheat Washington out of "tax revenues in the many millions of dollars." The various ways in which such accounts are used to avoid income taxes, said Morgenthau, "are almost as numerous as the ways of earning money" (see box next page...
...REAL ESTATE: To avoid paying income taxes, some American real estate owners hold large sums of cash in numbered Swiss accounts. How can they ever use the money? They have the Swiss bank arrange to "buy" some of their properties with money from their own anonymous accounts. In that way, the money is repatriated to the U.S. One real estate man, for example, "sold" a piece of property for nearly $1,000,000 but did not have to pay taxes on the deal since the property had cost no more than that when he purchased it. There was a further...