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...Attorney Glistrup had attracted scores of wealthy clients through his enterprising use of the deductions allowed by Danish law on debt interest. Essentially, he set up a string of 2,716 dummy firms for his clients-bearing such mock names as the Lyngby Umbrella Rental Co. and the RXPQY-240 Co. These paper enterprises could then absorb the paper debts of Glistrup's clientele and pay income taxes at half the rate charged to private persons. Glistrup split the savings with his clients, who were able to enter less punishing tax brackets. In some cases, they managed to avoid...

Author: /time Magazine | Title: DENMARK: Taxation on Trial | 2/27/1978 | See Source »

Though he clearly was courting trouble, Glistrup turned his scorn for the tax laws that he used so well into a national crusade. Appearing on a TV talk show, he compared tax cheats with the guerrillas in the Danish underground who blew up Nazi-controlled railway lines during World War II. "Tax dodgers today are comparable to railroad saboteurs; they are doing a dangerous but useful job for the nation." Public response was so enthusiastic that Glistrup founded...

Author: /time Magazine | Title: DENMARK: Taxation on Trial | 2/27/1978 | See Source »

...many as 30 second-level officials, who set up a babble of unfocused talk, while their bosses saved their serious proposals for private discussions with the President. Blumenthal organized a small "steering committee" that works out a consensus on policy over Thursday-morning breakfasts of sausages, eggs and Danish in Blumenthal's private Treasury dining room. Among those attending: Council of Economic Advisers Chairman Charles Schultze and Budget Boss James T. McIntyre Jr. Dissents are noted in reports to Carter, who of course reserves final decision for himself. But, says one breakfast clubber, "in the past three months Blumenthal...

Author: /time Magazine | Title: Nation: Trying to Build Confidence | 1/30/1978 | See Source »

...more exciting than writing my Danish paper," Jeffrey Hoyt '81 said. Hoyt, a Denver partisan, watched the game only when the Broncos had the ball, preferring the lure of the pinball machines the rest of the time...

Author: By Marc M. Sadowsky, | Title: Dallas Cans Orange Crush, 27-10, In Super Bowl | 1/16/1978 | See Source »

...strike of a thousand pinpricks-an annoying shortage here, a raised price there. Unlike stoppages in major industries such as coal and steel, which threaten the nation's ability to produce, the dock strike has only slowed or stopped deliveries of hundreds of less-than-vital imported items-Danish hams, French wines, foreign cars and Mickey Mouse Tricky Trikes...

Author: /time Magazine | Title: Business: That Tricky Trike Strike | 11/21/1977 | See Source »

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