Word: exempt
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Boston Mayor Kevin H. White will file suit seeking reimbursement from the Massachusetts legislature for tax money the city currently loses from tax-exempt institutions, a spokesman for the mayor's office said yesterday...
White will also ask the state to pay Boston 20 per cent of the money the city would receive if the tax-exempt institutions were required to pay property taxes, Dennis Sullivan, assistant press secretary for the mayor, said. Last year, that would have been over $35 million, he said...
PETROLEUM. Steadily rising prices for petroleum products ensure that owners of drilling rights will make a killing. Although the Government controls the price of most oil, two important categories are exempt from regulation: "new" crude (the amount a well produces in excess of what it pumped during the corresponding period in 1972) and oil from "stripper" wells that produce 10 bbl. a day or less. Stripper oil is selling for as much as $10 per bbl., enabling the owner of a well that produces 5 bbl. daily to turn a profit from a property that a year ago would have...
More than one American entrepreneur has befriended the Greek military regime, and industrialists reap large profits at the expense of Greek laborers. Multi-national corporations, including Exxon, Coca-Cola (both represented by Pappas), Dow Chemical and Alcoa, are exempt from a variety of taxes and duties. This is specified in the Greek constitution. Trade unions have been scrapped or stripped of power by the government, in order to maintain the low wages that attract foreign monopolists. Such economic tactics have driven about 250,000 workers to seek jobs in West Germany...
...President, supported by the oil industry, objects to a provision that would roll back the prices of nearly 30% of the crude oil produced in the U.S. Primarily, that is so-called "new oil"- the amount of crude produced in excess of 1972 levels-and it is now exempt from price control; prices have gone as high as $10.35 per bbl. The bill sets a basic price of $5.25, but permits increases up to $7.09 if oil firms can provide detailed cost justification for them...