Word: exempt
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...demands. From now on, profits of all Monaco-based enterprises with 25% or more of their sales outside Monaco will be subject to a 25% French tax, rising to 35% in 1965. As a concession, those who have been Monaco residents for more than five years will be exempt from the French income tax. This is small consolation to the thousands of foreign businessmen, including many French refugees from Algeria, who have streamed into Monaco in the past few years...
...bill, which is now in the House Committee on Taxatation, is intended to alleviate financial problems of communities which must furnish municipal services to the tax-exempt educational institutions. According to Burns, the expansion of private colleges is continually diminishing local tax bases...
Support for the bill has come both from college towns across the State and from private colleges which may see in the bill an alleviation of municipal pressures on their tax exempt status. President Pusey's office has called the Collins plan "an interesting attempt to solve one particular aspect of the problem of municipal financing." The statement urged "serious consideration" of the bill...
...crowded that by 1980 there will be only 18 inches of main road for every car. (However the government announced last week that it has approved an 80-mile bridle path across the Sussex downs.) The tax system of Britain blatantly favors the gambler, speculator (whose capital gains are exempt) and expense-account swashbuckler...
...aged at least 18 (no top limit), with warm, steady characters and almost any useful skill. They will get four to six weeks' training at colleges and universities, serve for one year without pay, get mustering-out pay of about $900. Though draft-deferred, they will not be exempt from later military service. As Interior Secretary Stewart Udall recently put it: "We seek a new harvest of idealism that we have let lie fallow here at home...