Word: ownership
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Dates: during 1950-1959
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...first $50 of dividend income is entirely taxfree, and 4% of all remaining dividends may be subtracted from the stockholder's income tax. This change will mean a lot of additional income for many in the top income brackets and may have the intended effect of stimulating stock ownership by middle-income groups. The dividend credit is based on the contention that a tax on dividend income, coming on top of the 52% tax on corporate profits, constitutes double taxation. The Reed bill retroactively cancels last April's 5% drop in corporate-tax rates, substituting the 4% dividend...
...Kenya and Communists in Malaya, and has been yearning to return to big business. His successor: Alan Lennox-Boyd, 49, a brilliant Oxonian who married into the wealthy Guinness family. As Minister of Transport and Civil Aviation, he guided the restoration of road transport from Socialist nationalization to private ownership...
...TIME, June 28). The W.S.J. stood its ground, insisted it would continue to dig up news about G.M. despite the ban. Last week G.M. and the W.S.J. announced a truce. General Motors, explained G.M. President Harlow H. Curtice, has been interested only in protecting its "property rights," i.e., its ownership of copyrighted blueprints of new models. "It was never our intention," he added, "to interfere in any way with [the W.S.J.'s] publication of news." On his part, W.S.J. President Bernard Kilgore told Curtice that "[we have] no desire to injure or transgress property rights." Last week, with...
Then Alleghany turned around and made a new deal with the Texans to put its stock under joint ownership, along with their remaining 300,000 shares (for which Alleghany had lent them the money). Under the contract, Murchison and Richardson will get dividends and the profits from any sale of their 300,000 shares, though the voting rights will be exercised by Alleghany Corp. And the Texans will stand any losses on both their holdings and Alleghany's if they are sold at a loss...
...Give the Federal Government ownership of tidelands...