Word: taxing
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Dates: during 1960-1969
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...California, the ABC foundation tax plan [Jan. 5] has been scrutinized by the attorney general's office. All that remains to be determined is whether the 100 or so California residents involved in ABC are victims or active participants...
...correlative to claiming tax advantage through the formation of a foundation is the acceptance of the highest trust obligation to the public purposes for which the foundation is formed. In California, that means you can't have your cake and eat it too. It means that assets placed in a foundation must be used for public purposes and not for the benefit of the donor or founder. It means that the ABC plan can't work. It means that the individual who operates his foundation as taught by ABC faces the loss of both his foundation...
...House meanwhile marked time with procedural matters, awaiting the next round of the tax fight. Ways and Means Chairman Mills has consented to new hearings this week on the Administration's proposal for a surcharge, but the outlook for passage remains bleak. Even if Mills relents in his personal opposition to the measure, the sentiment in the House is now over whelmingly negative. Many in Congress believe that Johnson has been "cooking the books," as they say in the House of Commons, in order to make his spending and deficit forecasts seem smaller than they will actually turn...
...John J. Curry '19, DeGuglielmo had been walking on a tightrope. A minority bloc of four councillors led by Curry's long-time friend and ally, Councillor Edward A. Crane '35--had made their dislike of the DeGuglielmo administration quite clear, hitting the Manager on issues ranging from the tax rate to the printing of the City's annual report...
Italy and Spain argued for relief from restraints on tourism, which Katzenbach said might take the form of a head tax, increased passport fees or a tax based on the number of days spent abroad. While France demanded that the U.S. hold formal talks with its trading partners before imposing restrictive measures. Finance Minister Michel Debré hinted at reprisals if U.S. companies are forced to repatriate their profits rather than reinvest them in France...