Word: denmark
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Dates: during 1960-1969
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...sturdy tweed and good Scotch, the nanny has been exported to the whole world. From Brighton and Cheltenham and Tunbridge Wells she has gone forth in her sensible shoes to teach the English way to King Hussein, ex-King Farouk, Prince Rainier, and the daughters of the King of Denmark. So ubiquitous was her kind, in fact, that former French Premier Georges Bidault once bitterly complained: "Too many important Frenchmen have been given an inferiority complex for life by being brought up by English nannies...
Even so, many countries with high incomes and low defense budgets still collect sizable sums. In fiscal 1960 the U.S. will deliver $38 million in military aid to Norway, which pumps only 4% of its G.N.P. into its own defense; $48 million to Denmark, which budgets 3% of its G.N.P.; $58 million to The Netherlands, which puts up 5% of its own G.N.P. The European countries are slowly-very slowly-raising their defense budgets. Since 1950, free Europe has increased its defense spending from $8.8 billion to about $14.5 billion, while the U.S. has more than tripled its military spending...
...Gaulle's conditions. But NATO, which had felt a little unwanted all winter, saw some other friendly signs. Turkey has agreed to accept U.S. Jupiter IRBMs, and negotiations are under way to install missiles in Belgium and The Netherlands. Half a dozen NATO nations, including Canada, Belgium, Denmark, Italy and West Germany, have announced plans to increase their defense spending...
Died. Hans Christian Hansen, 53, Premier of Denmark since 1955, a moderate socialist who as Finance Minister (1945, 1947-50) restored Denmark's currency and moved the country to a speedy postwar recovery, always resolutely followed a middle way: he rebuffed Russian threats aimed at dislodging Denmark from the West, but he also refused to allow U.S. bases in Denmark (though he fervidly promoted the Western alliance, helped lead his nation triumphantly into NATO); of cancer; in Copenhagen...
...other country grants cooperatives such tax advantages: France allows no corporate tax exemption for profits paid to members; Belgium disallows allocations; Canada and Denmark levy regular corporate taxes on a minimum of 3% to 6% of capital invested. Even on the mild Denmark plan, U.S. co-ops would pay some $90 million to the support of the U.S. Government. To many tax experts it is high time they paid. Says former Under Secretary of the Treasury Roswell Magill: "The exemption may have been necessary in the infancy of cooperatives. Now that cooperatives have come of age, it is quite unnecessary...