Word: taxed
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Dates: during 1960-1969
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...Sudbury teacher has challenged Harvard's tax exempt status because of alleged political activity during the October 15 Moratorium...
Daniel A. Greenberg is suing the Boards of Assessors of Cambridge and other Boston communities for improperly granting tax exempt status to Harvard and ten other colleges and universities in the Boston area. The law states that charitable institutions which engage in political activity forfeit their tax exempt status, Greenberg said...
...result is that the Common Market today is still little more than an imperfect customs union-which is precisely what France's President Georges Pompidou sneeringly called it while serving as De Gaulle's Premier. Joint policies on money and transportation have never been worked out. Uniform tax reforms were supposed to be completed by the beginning of 1970, but Italy and Belgium have airily announced that they will be unable to meet the date...
...interest rates of 2.45%. But the rise in rates and the concurrent drop in bond prices have speeded up enormously since the current inflation began in 1965-and especially this year. Last week, for example, the New Jersey Turnpike Authority sold $137 million worth of bonds at a tax-free interest yield of 7%, compared with a 5⅞ yield on bonds that it had sold four months earlier. Interest rates on high-grade corporate bonds are threatening to go above 9%. The yield on bellwether U.S. Treasury bonds maturing in 1992 has climbed to 6.72%, and the price...
...parent holding company, Pennsylvania Life Co., which could make acquisitions more easily than an ordinary life insurance company. Pennsylvania Life has expanded to include a mutual fund, Pennsylvania Securities Co., National Central Life Insurance Co. and other insurance firms. Last month Pennsylvania Life joined with H & R Block, Inc., tax consultants, to form a new, jointly owned subsidiary. It will sell mutual funds and insurance to H & R Block clients...