Word: exemption
(lookup in dictionary)
(lookup stats)
Dates: during 1980-1989
Sort By: most recent first
(reverse)
Politics aside, Reagan's trip had substantive diplomatic and economic consequences. The two nations took several practical steps to open up China to U.S. investors, including an agreement that will effectively exempt American corporations from paying U.S. income taxes on profits earned and already taxed in China. In the weeks ahead, a high-level Chinese mission will visit the U.S. to discuss trade and commerce, and Defense Minister Zhang Aiping will go to Washington to talk over military matters, including possible arms sales to the People's Republic...
Minus means test and tax exempt at age 50: each American receives monthly retirement check for life...
...another cloud has appeared over the troubled nomination of Presidential Counsellor Edwin Meese as U.S. Attorney General: a tax-exempt Reagan Administration transition fund, headed by Meese in 1980-81, that refuses to reveal where its private donations came from and where much of its money went. The New York Times reported last week that the fund has even refused to open its books to a federal audit. The disclosure led Senate Judiciary Committee Member Ted Kennedy to ask Jacob Stein, the special prosecutor looking into allegations raised against Meese, to include the fund in his probe. A source close...
...General Accounting Office (GAO) in 1981 to provide an accounting of privately raised receipts and their disbursement. A similar request to the White House in 1981 produced a vague promise that it was "attempting to formulate a response," according to the GAO. Even though the foundation has claimed tax exemption, the Internal Revenue Service has never approved that status. Noting that the IRS is headed by a presidential appointee, Kennedy asked, "Why has it not audited the foundation?" If the transition fund is not tax exempt, the donors of the $688,931 could not claim tax deductions...
Ironically the Senate version already allows for several exemptions to small employers with the so-called "kindness amendment." An employer not previously convicted of hiring illegal immigrants would have an option of voluntary compliance. Businesses which employ casual or undocumented labor would also be exempt...