Word: refunds
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Dates: during 1970-1979
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...plan provides for a Coop contribution to a trust fund for each eligible employee, computed on the basis of the prevailing patronage refund percentage rate...
SINCE then, the tax laws have become still more complex, driving more Americans every spring to seek help in filling out their returns. The trend has led to a rapid proliferation of commercial tax specialists, including many "refund mills" that pop up like crocuses in March, make a killing helping taxpayers cheat the Government, then fade away on April 16. Now the Internal Revenue Service has opened a nationwide campaign of investigations, arrests and prosecutions to root out and discredit these fly-by-nights. At the same time, the taxmen have launched a sweet-talking publicity campaign urging people...
...recent weeks have made a series of highly publicized arrests of tax specialists in New York, Georgia, Louisiana, Alabama and Texas. So far, IRS investigations conducted mainly by agents or volunteers posing as clients have resulted in fraud convictions of 126 tax preparers and indictments of another 85. The refund mills under IRS scrutiny usually consist of one or two people who often set up shop in a storefront and earn up to $40,000 for three months' work...
...comparison is somewhat distorted by a $10 million refund on Pan Ain's supersonic transport order that reduced Pan Am s reported loss last year...
...Coop will return a 5 per cent across the board rebate on purchases made in the last fiscal year. Howard W. Davis, general manager, announced yesterday. Refund checks will be available to members starting October...