Word: nettings
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Dates: during 1950-1959
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...Gold Net. The man behind Macao's prosperity is a shrewd, wiry Portuguese-Dutch-Malay named Pedro J. Lobo, who runs Asia's largest gold market in Macao and in fact runs Macao also. Lobo lives well, and in his spare time composes music (including an operetta called Cruel Separation). Lobo's title is economic director of the colony. On each ounce of gold, most of which arrives on Catalina flying boats owned by Lobo, he levies two taxes: an official one of 35? for the Macao treasury, another of $2.10 for himself. This has netted Lobo...
...Five Percent" the authors do not mean "the Five Percenter" commissions of lobbyists, but rather a five percent deduction the new federal tax laws allow from net taxable corporate earnings if business invests that amount in educational or welfare projects...
Today, they point out, if companies are in the excess profits category, management can be putting up one dollar in gifts for a three dollar tax deduction. If five percent of the nation's net corporate income were actually spent on educational purposes, it would amount to a 2.2 billion dollars...
...feel that it had to keep moving faster just to stand still. Last week Manhattan's National City Bank, totting up first half profits before taxes for 325 U.S. manufacturing corporations, reported a whopping increase of 51% over the 1950 period. But after taxes had been deducted, the net gain was only...
...down from nearly 1,000,000 to 550,000, the Guild from 1,250,000 to around 700,000), the big clubs are still the richest plums in the book business. B-o-M sent out more than 7,000,000 books last year, showed a net profit (after taxes) of nearly $1,250,000. The Literary Guild, the Dollar Book Club and a group of other clubs, all owned by Doubleday, do so well that Doubleday can afford to shrug off the charge that most of the books on its own huge publishing list are utterly undistinguished...