Word: quasars
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Dates: during 1990-1999
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Although some non-U.S. companies surely do evade American taxes, the IRS's previous efforts to crack down on violators have borne relatively little fruit. Earlier this month the Japanese electronics giant Matsushita, which sells products in the U.S. under the Panasonic and Quasar brand names, reached an agreement with the IRS to pay a settlement in that kind of dispute. The amount was a mere $4.8 million. At least 47 Japanese companies in the U.S. have been involved in similar cases within the past five years. Many such companies are now taking Matsushita's accommodating approach, which will...
...frightened by quarks? Do you think that RNA splicing is something done between reels of bad movies starring genetically altered space creatures? Would you rather read your horoscope than an article about a new quasar...
...already own more than $400 billion worth of U.S. businesses and real estate. And Matsushita doesn't make a very convincing villain. The world's largest consumer electronics firm (fiscal 1990 revenues: $38 billion), it manufactures some of America's favorite brands of video and audio gear: Panasonic, Quasar and Technics...
Matsushita (1989 revenues: $44 billion) commands an array of brands, like Panasonic, Pioneer, Technics, Quasar and JVC. The company makes products ranging from stereos to refrigerators to bicycles to semiconductors. It is twice Sony's size, and developed the VHS videocassette format, which prevailed over Sony's Beta in a bloody competitive battle...