Word: kidder
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...There is obviously a lot of money in drug dealing and our charge is to tax income, however that income is earned," Revenue Commissioner Stephen Kidder said yesterday. "And that is what we intend...
...courts have upheld similar efforts in limited cases by Virginia and Michigan to levy sales taxes on criminal activities, Kidder said...
...Kidder said the revenue department intends to work with local and state police to go after unreported assets that drug agencies are unable to seize through direct links with drug money...
...probably think they would not start doing that," Kidder said. "I think what we would see as a result is just another weapon available to us and to law enforcement officials to use against drug dealers...
...several major New York investment firms have halted index-arbitrage for their own accounts. While the firms did so largely as a public relations move to calm investor fears, most of them continue to conduct program trading to satisfy customers whose money they manage. Says Max Chapman, president of Kidder, Peabody: "Speculation is not a dirty word...