Word: taxed
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...reporters saw some lawyers pick up attendance forms before meetings began and then depart for leisure activities. One delegate, when asked if he would attend the sessions, smiled and said: "For the sake of the Internal Revenue Service, my answer is yes." Attendance at overseas professional meetings is only tax deductible if the location can be justified and if conventiongoers actually do work that is relevant to their jobs. "England is the fountainhead of American law," observed Ernest Guy, who heads the A.B.A.'s meetings department and who apparently knows how to lay proper legal groundwork. Still, the A.B.A...
...first there was little hope of a Reagan reversal. When Vice President George Bush sat in for Reagan at a meeting with Democratic members of the Senate Finance Committee, Spark Matsunaga of Hawaii asked if a convalescent Reagan might be open to the idea of a tax hike. Replied Bush: "Sparky, he didn't have a lobotomy; he had a cancer operation." Reagan told a reporter who asked about the oil fee, "I'm not for any taxes." But White House aides put out the word that the President, in what could prove a major concession, would go along with...
Ahead lie big battles over the budget and tax reform and the much ballyhooed summit with Mikhail Gorbachev. Reagan would have seemed a whippersnapper next to Leonid Brezhnev or Yuri Andropov, but now the comparison may cut the other way. Reagan's visitor points out that the new man in the Kremlin is young and healthy. "Yes," grins the convalescing President, "but I'll try not to take advantage...
...deprive the Zulus of their South African citizenship as well as of a nationwide political role. In 1981 he refused a government offer to build an administration building for KwaZulu in Ulundi, the capital, fearing that acceptance would indebt him to Pretoria. Instead, the homeland saved $18 million from tax revenues and constructed a building adorned with murals and carved wooden doors that is widely viewed as one of the most elegant structures in South Africa...
...sounds. It is only about 30 miles from Smyrna, where Nissan builds cars and trucks, and some 30 miles from La Vergne, where Bridgestone makes tires. The success that these two Japanese companies have had in Tennessee reportedly impressed GM, as did the state's abundant electricity, favorable tax structure and productive labor force. Despite its fame as the home of Grand Ole Opry and Jack Daniel's whisky, Tennessee has quietly become a thriving business center; 100 corporations, including Federal Express and Magic Chef, have their headquarters in the state...