Word: effective
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Dates: during 1930-1939
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...Either there is a dark horse heading for the Berlin 400-metre gold medal, or evening dress has extraordinary effect on a runner's capabilities, or someone is fudging...
...Effect of the new corporation taxes is to increase the amount of taxes paid by corporations if they keep any considerable portion of their earnings for surplus or expansion. Thus a corporation which keeps half of its earnings will pay 5% more taxes if it earns $10,000 a year, 19% more if it earns $20,000 a year, 37% more if it earns $50,000 a year, 40% more if it earns $100,000. In the case of a corporation which retains all its earnings, taxes will be increased 15% even if it earns only $1,000 a year...
Chief aim of the new law is, of course, to force declaration of dividends, collect high surtaxes from the rich. Incidental effect will also be to pinch pennies from small stockholders in big companies. Under the old law an individual who owned ten shares of stock earning $6 per share and paying $3 dividends, got $30 in dividends tax free. The Government took about $9 in taxes out of the profits kept by the company and $21 of his dollars remained in the company's hands for expansion, etc. Under the new law if the dividend rate remains unchanged...
...example from the Nazis' new bombing base only 320 miles from Buckingham Palace (see map), brought orders from His Majesty's Government last week that the peacetime organization of the Royal Air Force must now "conform as closely as possible with the organization visualized for war." Effect of this is that, in case of emergency, operations will at once be directed not by civilian officials in Whitehall but by four British air marshals, charged respectively with bombers, fighters, coast-defense planes and spare or training ships. Since offense is now considered the only real defense against a major...
...House of Commons same day there were cries of ''Hear! Hear!'1 for a judicious announcement by Sir Samuel Hoare that Britain will not abandon Malta. In other words, the wholly inadequate Malta defenses will be maintained as they are, for moral effect. Virtual abandonment of Malta as a main Empire naval base took place months ago when the major units of the British Mediterranean Fleet scuttled off to Alexandria (TIME, Sept...