Word: taxing
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Dates: during 1980-1989
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...convince the Senators of his claim that the proceedings smack of double jeopardy. He can also be expected to underline the fact that the last federal judge to be removed by the Senate, Harry Claiborne of Las Vegas, in 1986, had previously been convicted of tax fraud by a criminal court. But in one unexpected sense, Hastings will find himself at the center of a stage that he has long wanted to play on: in 1970 he ran unsuccessfully for election to the U.S. Senate...
...used a technique called stock parking, in which an investor sells shares temporarily to someone else to hide their real ownership from Government agencies like the Internal Revenue Service. In this case, Princeton/Newport was allegedly parking stocks at Drexel so that the New Jersey firm could claim short-term tax losses on the sale. The laws against racketeering, which involves repeated crimes carried out by a person or a business, have traditionally been used against the Mafia. Bringing racketeering charges against stock swindlers is an aggressive new tactic in the war on white-collar crime...
...contains plenty of election-year goodies for industries. Among them: $2.5 billion in new export subsidies for U.S. farm products, and a provision that will help depressed energy-producing states by repealing the windfall- profits tax on oil and gas. But the drafters of the bill wanted to avoid coddling business. The legislation says industries will be eligible for relief from imports only if they take steps to become more competitive...
...producers. Until substitutes that do not harm the ozone become available, the prices of the chemicals may surge because of limited supplies. Recognizing that possibility, the EPA has asked for public comment on two ways of preventing producers from making excessive profits. One proposal calls for a special tax on earnings from CFC and halon sales, the other for the Government to auction off manufacturing rights, making a company pay for the privilege of producing the chemicals...
...same time, Israel is using a variety of repressive measures to dampen the spirit of rebellion. With revenues from the occupied territories slashed as much as 50% by a Palestinian tax boycott, the government has begun staging "tax raids." Some 9,000 residents of Beit Sahur, near Bethlehem, were placed under curfew for a week after 300 townsfolk threw away their Israeli identity cards to protest orders to pay back taxes. When a mob stoned Israeli cars in the village of Beit Omer a few weeks ago, the authorities retaliated by refusing to issue market permits to 50 local fruit...