Word: surtax
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Dates: during 1970-1979
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...leaped as much as $80 per room. Public transport and electricity rates were increased, and the price of gasoline rose sharply to $1.81 a gallon. Added taxes were put on "luxury" goods, including imported beef as well as cameras and alcohol. The most unexpected and resented increase was the surtax on automobiles. Italy's 12 million automobile owners will now have to pay a one-time surtax ranging from $10 on a Honda to $50 on a family-size Fiat 124, to $400 on a Lamborghini and $575 on a Rolls-Royce. "We know well that we are asking...
...should expand by $35 billion, with small and medium businesses that are engaged in export given preference. Meanwhile, almost $5 billion in new taxes and charges is likely to be levied, including higher transportation and utility rates, stiffer taxes on fancy foods and other consumer goods, an auto-license surtax and a possible 100% increase in the $20 national tax on television sets...
...growth. Beyond that, Barber unveiled restrictions on installment buying of everything from refrigerators to automobiles. Consumers now will be required to pay one-third down and the rest within 24 months. Barber also imposed additional taxes on rental properties and ordered Britons earning over $17,500 to pay a surtax amounting to about a 1% raise in taxes...
Considering the vast sums spent on Viet Nam, why will the once vaunted peace dividend be so small? The main reason: many of the benefits have already been parceled out during the slow, tortuous winding down of the war. The 10% income surtax that became effective in 1968, for example, was cut by three-quarters in 1970 and canceled altogether thereafter...
...first formal declaration came at a summit meeting in the Azores with French President Georges Pompidou, long a critic of U.S. monetary policies, who argued for devaluation and an end to the 10% import surtax imposed by Nixon in August. Nixon was ready to agree. Then, at week's end, he stepped beneath the Wright brothers' 1903 biplane in Washington's Smithsonian Institution. Near by, the finance ministers of the world's ten greatest Western industrial powers had been meeting for two days to complete the latest round of negotiations begun after...