Word: britain
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Dates: during 1970-1979
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...BRITAIN. Though unearned income is taxed at Shylockian rates of up to 98%, capital gains were not taxed at all in Britain until 1962. Now almost all profits from the sale of personal goods, property or stock are subject to a levy of 30%. Among the few exemptions from taxation are profits from the sale of a principal residence, automobiles and personal possessions sold for less than...
...Smith's best moment, as a result, was a session with the Senate Foreign Relations Committee. There he declared that all four members of the executive council are prepared to attend "with no preconditions" an all-parties conference on Rhodesia's future, sponsored by the U.S. and Britain, and including Patriotic Front Leaders Joshua Nkomo and Robert Mugabe. After checking out Smith's statement with his Rhodesian advisers, State Department African experts concluded that the Prime Minister's remarks represented "no change of policy...
...hear him out, Smith patiently insisted that his internal settlement fulfills the conditions of an agreement he made with former Secretary of State Henry Kissinger in 1976. In brief, Smith said, he agreed to majority rule for the breakaway British colony within two years; in return, the U.S. and Britain would recognize the legitimacy of his government and end the United Nations sanctions that have plagued Rhodesia's economy since 1966. "Our case is watertight," said Smith. "We cannot understand what is wrong...
...Mugabe. Now, I don't say that [British Foreign Secretary David] Owen and Vance specifically say they love Nkomo and they want him appointed. They are going along with the wishes of the Organization of African Unity and the front-line states, which support Nkomo. The U.S. and Britain don't want to cross...
...bizarre and motley flotilla played tag last week in the frigid northern waters off Britain's Orkney Islands. Leading the chase was the 120-ft, red-and-white-hulled vessel Kvitungen, carrying six expert Norwegian seal hunters to and fro between half a dozen uninhabited islands. Snapping at their heels was the 500-ton trawler Rainbow Warrior, crewed by 14 militant ecologists. Bringing up the rear were three boatloads of eager journalists, with reinforcements overhead in helicopters and light aircraft. At stake in the curious nautical exercise were the lives of some 6,000 generally inoffensive members...