Word: foreign
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Dates: during 1960-1969
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...hawk. That was largely because Lyndon Johnson had told and retold the story of how Clifford, in the fall of 1965, had argued against what was to become a 37-day bombing halt over North Viet Nam. But the casting was misleading. Then chairman of the President's Foreign Intelligence Advisory Board, Clifford was opposed to a pause in the bombing principally because of its timing. The U.S. then was just beginning to build up its forces, and could ill afford the sudden upsurge in infiltration from the North that would inevitably accompany a halt in the air raids...
...more prestige-and problems-than power. Shriver had seemed the likeliest prospect, but is understood to have run into resistance from his Kennedy in-laws. However, Nixon intends to keep Shriver as Ambassador to Paris, where Yost once served as deputy chief of mission. Yost entered the foreign service in 1930 and, after taking a brief recess for some short-story writing and freelance journalism, rose steadily to the coveted rank of career ambassador. He held three ambassadorships (Laos, Syria, Morocco) in the Eisenhower Administration, then became deputy to Adlai Stevenson and Arthur Goldberg at the United Nations...
...Another trick is to phone a New York broker designated by a Swiss bank and use a code name to place an order. The broker executes the order for the account of the Swiss bank and winds up with no record of the real buyer's identity. Since foreign banks are not taxed at all on trading profits-and at a maximum rate of only 30% on stock dividends-U.S. citizens, especially those in higher tax brackets, can often lighten their tax bills by channeling their stock deals through the banks...
...IMPORT-EXPORT: Some U.S. importers minimize the taxes they pay on profits. Every time they buy foreign goods, they use special arrangements to pay excessively high prices. They thus deflate their recorded profits and tax obligations. Meanwhile, the foreign sellers kick back part of the bloated purchase price into the Americans' Swiss bank accounts...
...real estate man, for example, "sold" a piece of property for nearly $1,000,000 but did not have to pay taxes on the deal since the property had cost no more than that when he purchased it. There was a further advantage: as a foreign institution, the new owner of record had to pay no more than 30% taxes on rental income...