Word: canadianization
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Dates: during 1960-1969
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...plenty of long-range ideas about how to help Canada's economy at the expense of U.S. investors. Domestic companies, said Fleming, will get faster tax write-offs and lower income taxes. To nonresidents went notification that the government intends to sock them much harder. U.S. holders of Canadian stocks will pay a new 15% withholding tax on dividends; so will the holders of federal and provincial bonds. There will also be a tax jump from 5% to 15% on dividends transferred from Canadian subsidiaries to U.S. parent corporations. Unincorporated Canadian branches of U.S. companies will pay the same...
...Scornful Laugh. What resurrected the cry for protection-besides Premier Diefenbaker's political priming of what he likes to call "pro-Canadianism"-is the fast-spreading U.S. technique of "split-run" advertising; starting late last year, the Saturday Evening Post, McCall's, LIFE and Look opened Canadian-circulation copies to specifically Canadian advertising. Canadian magazines, led by Maclean's (circ. 515,577)-professed to see the handwriting on the wall...
Before the O'Leary Commission, the Canadian publishers and their supporters appealed to Canada's deep reservoirs of anti-American feeling. Said a representative of the Periodical Press Association: "Canadians laugh scornfully when spokesmen of the Soviet bloc call us a U.S. satellite, but are we not in grave danger of becoming a cultural and intellectual satellite when our reading matter becomes so increasingly American?" In rebuttal, representatives of U.S. publications contested the notion that Canadian magazines were suffering unduly, noted that between 1950 and 1959 the ad revenues of Canadian magazines rose from $17 million...
...Percentage Ploy. Last week, in Toronto on the last lap of a tour that included hearings in eight Canadian cities, the O'Leary Commission was mulling over proposals that included establishment of a tariff to keep out non-Canadian publications, subsidies and tax benefits for Canadian magazines-and doing nothing at all. The commissioners had heard much testimony in favor of the Canadian publishers' thesis, but here and there another voice was raised. Sardonically noting that as a regional publisher he had to contend with the same competition from Canada's national magazines that they complain...
...President Robert Morse went to Canada to salvage all that was left of the family holdings, the Canadian Fairbanks-Morse Co., Ltd., has turned it into a thriving, diversified manufacturing outfit and has asked to become a Canadian citizen...