Word: payments
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Dates: during 1960-1969
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Solvents not only deferred payment of the $550,000 debt but agreed to lend Estes an additional $350,000-a credit of $125,000 for future purchases of anhydrous ammonia, plus $225,000 to enable Estes to get started in the grain-storage business. Estes, now into Commercial Solvents for $900,000, promised to pay off the debt in installments over a five-year span. As part of the overall deal, Estes agreed to assign to Commercial Solvents 100% of the fees he got for storing grain...
...Payment in Full. Already passed by the House, the Administration's proposal would radically change the rules under which .U.S. business operates abroad. At present, a firm pays U.S. corporate income tax only on whatever part of its foreign earnings it "repatriates" to the U.S. as dividends. Earnings kept abroad are free of U.S. tax-which encourages U.S. corporations to use a substantial part of their foreign profits to expand their overseas operations...
...Administration wants to make most foreign profits taxable when earned, rather than when repatriated. U.S. subsidiaries operating in such economically advanced foreign nations as Britain and the Common Market countries would pay the full 52% U.S. corporate tax on all earnings-less whatever they paid in local income tax. Payment of U.S. taxes could still be deferred in underdeveloped nations, where the Administration wants to encourage U.S. private investment. The Administration bill has three professed purposes: to clamp down on U.S. firms that channel their overseas earnings into foreign "tax havens," to slow the alleged "export of jobs" created...
...University will offer some annual payment in lieu of taxes to the City, because many of the couples living in the married students project will have children who attend Cambridge schools and use City facilities. The final amount which the University will offer to the City is expected to be considerably under...
When first introduced yesterday, Sullivan's resolution did not contain any provision for possible payment in lieu of taxes. The bill was immediately opposed by Councillor G. d'Andelot Belin, who asserted that "the City cannot legally tax these dorms...