Word: collado
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Dates: during 1970-1979
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...Emilio Collado, an Exxon executive vice president, says that any tightening of the rules that permit foreign taxes to be subtracted from U.S. taxes would hurt Exxon worse than many of its competitors, partly because the company's foreign operations are so extensive. Collado insists that critics of the industry should look at not just the U.S. taxes but also the worldwide taxes that it pays. Exxon last year, he asserts, paid 60% of its global taxable income to various governments. The industry's defenders argue further that tax rules have given it no profit bonanza. Until last year...
...should consider sponsoring a U.N.-wide agreement on international investment. Under such a plan, he said, investment funds might be governed in much the same way that the independently organized General Agreement on Tariffs and Trade (GATT) lays out rules for the movement of goods between nations. Emilio G. Collado, executive vice president of Exxon Corp., favored the notion of a proposed voluntary U.N. code of conduct for multinationals, under which, among other things, corporations operating abroad would pledge not to seek political leverage from their home governments...