Word: taxes
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Dates: during 1940-1949
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...Treasury agents arrested income-tax "Expert" Vincent J. Cannara of Bloomfield, N.J. He showed his clients the way to big deductions, told them not to worry because he would sign his name as adviser. Then he collected his fee and signed-with disappearing...
Hole Closed. The Bureau of Internal Revenue closed a tax loophole. Some commodity traders have been converting short-term capital gains (taxable up to 86½%) into long-term gains (taxable at only 25%) by inducing brokers to postpone recording gains till six months after the transactions. The Revenue Bureau ordered brokers to record every transaction when made...
...Harold Wilson, chubby President of Britain's Board of Trade. Said he: "The negotiations between His Majesty's Government and the representatives of the American motion picture industry have resulted in an agreement." This was good news to Hollywood, which had in part blamed the 75% British tax on U.S. film profits for inciting to panic (TIME...
...road, and privately he often talked convincingly as if that was where he wanted to find himself. But whenever he opened his mouth to deliver one of the messages prepared by Clifford, the President talked like a New Dealer. And Adviser Clifford was kept busy scribbling. He wrote the tax vetoes; the Taft-Hartley veto; the October 1947 call for a special session; the State of the Union message last January; this year's Jackson Day dinner speech and the civil-rights message. There was no real difference between what these messages said and what a generation...
Bait. As propaganda against the 75% import tax on U.S. films, Hollywood was showing British audiences trailers of coming attractions that Britons won't be able to see. Cried a member of Parliament last week: "[The Government should] prevent this method of agitating for a change in our fiscal policy...