Word: deferred
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Dates: during 1970-1979
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...President faces a particularly rough time in trying to impose reforms on business. There is little likelihood that Congress will accept the White House proposal to phase out the Domestic International Sales Corporations (DISC) program, under which companies can defer taxes on some of the profits they earn by exporting, or that it will end deferral of U.S. taxes on corporate profits earned and reinvested abroad. The legislators are against anything that might put U.S. businessmen at a disadvantage with their European and Japanese competitors. Says Republican Congressman Barber Conable of New York, a collector of Indian tomahawks who sounds...
White House aides say that the President has not abandoned these positions but is likely to defer the most controversial "reforms," presumably until after the 1978 elections. The plan for next year will probably include more modest changes in the tax code, along with tax cuts designed to boost business confidence, prod capital spending and give a timely kick to the economy in order to prevent the slowdown that many experts have predicted for the second half...
...eight years in the Nixon-Ford Administrations. Then, after the Cuban military involvement in Angola, Kissinger went twice to Africa and seemed for a time to be on the verge of securing a settlement in Rhodesia. His strategy was to solicit Vorster's help on Rhodesia and Namibia and defer the question of South Africa's apartheid. Kissinger believed majority rule in Rhodesia and independence for Namibia were attainable through diplomatic pressure; he also believed Vorster would help him achieve it in order to take world pressure off South Africa...
Patterson freely admits, though, that many Marxists as well as conservatives may find the book disappointing. For while it proclaims the ideal of a "humanistic socialism" and dismisses the world-view of crude Marxist determinists who defer to future revolution, it never really grapples with the question of how structural reorganization of modern societies can otherwise take place. Patterson says he views this problem as the topic for another book, and that in taking on this next project he plans to bring to bear what he is learning as a special adviser to Michael Manley's socialist regime in Jamaica...
...surprise boon for multinational companies, Treasury also proposed to continue allowing subsidiaries of American corporations to defer paying U.S. taxes on profits made abroad until those profits are remitted to the U.S. as dividends. Carter had been widely expected to recommend taxing overseas profits as soon as they are earned-and he may yet reject Treasury's proposal...