Word: importance
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Dates: during 1960-1969
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...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...
...first journalistic assignment Dickey covered the Apollo 7 blast-off for LIFE. While other reporters filed millions of words on the event's scientific and political import, the prolific poet (six collections in the last eight years) turned instead to the human drama: as they plunge with...
...give them their due, though, they finally did come through with a combination of revised export and import taxes which have the same effect on the international prices of their goods as a 4 or 5 per cent upward revaluation would have had. (But adjusting export taxes does not have the same psychological impact on speculators that a revaluation has, and the Germans knew that, too.) And their position wasn't really so harsh, once it had been stripped of its vindictiveness. They were asking why they should sacrifice any of Germany's hard-earned prosperity simply because the English...
...full swing in the city's exhibition hall at Parque Ibirapuera, and auto manufacturers were making the most of their opportunity to trumpet that in one decade Brazil has managed to develop a viable motor industry. As recently as the 1950s, Brazil spent $140 million a year to import autos; last year, because of increased domestic production and higher tariffs, imports amounted to $3,000,000. This year the country's carmakers will turn out 270,000 cars and trucks, show sales of nearly $1 billion, provide jobs directly or indirectly for 155,000 Brazilians, and contribute...
Service Stations Too. Almost inevitably, the auto boom has brought problems along with progress. Petrobras, the state oil company, has long hoped to supply all of Brazil's petroleum from domestic wells. But the rising statistics of auto ownership obliges Brazil to import about 50% of its annual supply. The $260 million oil bill that car drivers run up more than offsets the savings on auto imports. As such, it is a primary factor in the country's painful balance-of-payments deficit...