Word: itt
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...ITT-Republican Party affair [April 3]: what really amazes me is that this sort of situation has been allowed to continue for so many years. One would have to be terribly naive to believe that large politi cal contributions are made with no strings attached...
...midst of so many problems, the ITT affair (TIME, April 3) strengthened Allende's position at home, and the Chilean Congress launched an investigation into foreign interference in the country's affairs. Presumably, the Congress would not stop Allende from nationalizing ITT's properties in Chile, which include two Sheraton hotels and a cable company. By the hundreds, Chileans were snapping up a little black paperback entitled Documentos Secretos de la ITT (Secret Documents of ITT). For the most part, the government-sponsored book is a straightforward collection of the Jack Anderson memos alleging that ITT officials...
...unidentified ITT employee slipped Columnist Jack Anderson the famous Dita Beard and Chile memos, and Anderson says that someone at ITT still feeds him information. Last week Anderson wrote that a high-level employee at Pfizer Inc. tipped him that the drug company's managers were urging workers to write their Congressmen to express opposition to a bill that would set up a federal consumer-protection agency; a worker at Ford apparently put Anderson on to safety defects in the company's "sexy" Capri compact. This month in Harper's, Kermit Vandivier, a former B.F. Goodrich data...
With all their difficulties over party contributions and antitrust deals far from settled, the last thing International Telephone and Telegraph officials needed was a fresh controversy over income taxes. Last week they faced exactly that. In the final stretch of the Wisconsin primary campaign, George McGovern charged that ITT had "paid no federal taxes at all" for the past three years. As it turned out, McGovern could not back his accusation with any reliable evidence, and thus earned the company's rebuke that his charges were "erroneous and misleading." On the other hand, ITT's real tax position...
Half-Rate. McGovern later admitted that he had included in his calculations only the taxes of the parent company, which accounts for a mere 10% of the entire conglomerate's sales. Thus his figures were bound to be askew. Taken as a whole, ITT and its subsidiaries reported federal income tax liability of between $67 million and $70 million for each of the past three years. By taking advantage of complex tax provisions that allow corporations to depreciate equipment much faster than it actually wears out, ITT was able to defer much of its tax bill until future years...