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...Sometime Thing. The conference was financed by the Ford Foundation (with a $70,000 grant) and endorsed by the U.S., the Organization of American States, the United Nations Economic Commission for Latin America and the Inter-American Development Bank. For eight days taxmen held seminars, swapped ideas, and agreed that paying taxes in Latin America is a sometime thing...

Author: /time Magazine | Title: The Americas: After the Tax Evaders | 10/27/1961 | See Source »

...records of income; businessmen often keep two sets of books. Brazilian tax experts estimate that Rio de Janeiro's merchants alone cheated the government out of $1.9 million last year. Out in the country, big landholders drive off revenooers at gunpoint, never pay a cruzeiro. According to the taxmen in Buenos Aires last week, if all Latin Americans should start paying taxes scrupulously, their governments would rake in another $3 billion each year...

Author: /time Magazine | Title: The Americas: After the Tax Evaders | 10/27/1961 | See Source »

Newly names by taxmen as Japan's biggest income earner ($860,000) in 1960, Shojiro Ishibashi, 72, president of the Bridgestone Tire Co., insists that "money accumulates when one works to serve others. It won't if one simply tries to become rich." Ishibashi (his name means "stone bridge," which he reversed to get his firm's name) took over his father's underwear factory in 1910, has made it Japan's biggest rubber goods manufacturer by such aggressive and once radical tactics as pricing his products uniformly instead of by size, and wooing peasants...

Author: /time Magazine | Title: Business: Personal File: May 12, 1961 | 5/12/1961 | See Source »

...Abilities' profits (federal taxmen have ruled it a nonprofit organization) go into the Human Resources Foundation. The foundation has found, for example, that cardiac patients can do much more work than anticipated and actually improve in health in the process. In addition to publishing such findings, Viscardi writes books about the experiences of people at Abilities guaranteed to bring a lump to the throat (next one to be published in June: A Laughter in the Lonely Night). He has helped Minneapolis-Honeywell, Hughes Aircraft, Republic Steel, Sperry and Grumman Aircraft to use the skills of the handicapped; Sears, Roebuck...

Author: /time Magazine | Title: Industry: The Able Disabled | 4/21/1961 | See Source »

COUNTRY CLUB DUES may go up because of new Internal Revenue ruling on all nonprofit social clubs. Revenue bureau is cracking down on clubs that have too much income from rentals of club facilities for outside functions, a device used by many clubs to keep dues down. Taxmen cited a club that made 25% of its income from rentals, said it would have to pay full tax on all its income

Author: /time Magazine | Title: Time Clock, Dec. 12, 1960 | 12/12/1960 | See Source »

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