Word: furse
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Irritating Inconsistencies. Perhaps the most irritating and confusing aspect of the excise taxes-to seller and buyer alike-is the grand inconsistencies that pepper them. Radio tubes are taxed but not transistors, furs but not knock-'em-dead $3,000 evening dresses, aviation gasoline but not jet fuel. Many...
To cope with the smugglers, Peru, Colombia and Ecuador are strengthening their border patrols. Practically every nation is tightening customs regulations. Argentina has gone so far as to bar all imports of furs, Scotch, cigarettes, toys, nylons and sporting equipment. But since no one took the trouble to check the...
Facing more resistance, however, is the Administration's request to extend for another year some $530 million in excise taxes that were first levied at the beginning of World War II. Led by Wisconsin's John Byrnes, the Republican members of Ways and Means sought to reduce the...
All this may slow but surely will not eliminate the flow of unlikely acquisitions. The FDIC has taken over a string of race horses that had been bought by a California banker with embezzled funds, has also held resort hotels, antiques, furs and whisky warehouses. Occasionally the agency is even...
Republicans tried to repeal the 10% excise taxes on jewelry, furs, cosmetics and luggage. Rhode Island Democrat John Pastore, who claims to represent "the jewelry capital of the world" (Providence is a leading manufacturer of costume jewelry), came to the G.O.P.'s aid, cried: "Let's make our...