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...Feds are not the only losers. In states where sales taxes are high, avoidance schemes abound. The simplest ruse is the empty-box trick. The customer buys a big-tag item, such as an expensive suit or shoes and makes a deal with the merchant to "mail" it to an address in a state with a lower rate. The merchant obligingly sends an empty box, and the customer walks out with the goods. A variant is to send the purchase to a friend in another state. Rob, an accountant, saved $600 on a $12,000 painting by having the gallery...

Author: /time Magazine | Title: Business: Take Cash and Skip the Tax | 8/20/1979 | See Source »

Shinagel was born in Vienna, Austria, where his father was a successful textile merchant. However, at the age of 4, his Jewish family was forced to flee from the Nazis. They moved to France, where his father was imprisoned in Marseilles by the Vichy government. Eventually, he was released, and the family caught the last Vichy ship to America...

Author: By Wyatt Emmerich, | Title: Summer School Poobahs Fit Classic Harvard Mold | 6/25/1979 | See Source »

...manager of the U.S. office of the Japan Productivity Center, cited 15 reasons for his country's productivity surge, including lax antitrust enforcement, large spending on R. and D., and joint management-worker programs to increase quality and eliminate production-line bottlenecks. Looking at the European experience, Eugene Merchant, director of research planning for Cincinnati Milacron Inc., emphasized the importance of the so-called trilateral relationship among Government, universities and companies. This is an idea that Europe adopted from the U.S., but it has fallen on hard times in America, in part because of public dismay over Government-funded...

Author: /time Magazine | Title: Business: Fighting the Sag in Efficiency | 6/18/1979 | See Source »

...China's international commerce, a Chinese official approached a visiting European businessman with a delicate but unmistakable proposition: favored business dealings, in return for the gift of a particularly desirable stereo hi-fi system. In Tianjin (Tientsin), a factory received a special shipment from an overseas Chinese merchant with whom it regularly deals: a free new automobile. In Peking, officials of a trading corporation asked another foreigner for a specified gift, an expensive Nikon camera...

Author: /time Magazine | Title: CHINA: A Taste for the Take | 6/11/1979 | See Source »

This is his second call. He had fallen in love with Sally the summer before. Now he has come back to woo and win her. Sally is skittish. She has felt woefully unworthy ever since a local merchant prince jilted her because a childhood illness rendered her infertile...

Author: /time Magazine | Title: Theater: Late Bloomers | 5/14/1979 | See Source »

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