No Effect Here By U S Taxation
A U S Embassy spokesman said U S legislation to tax earnings of American owned firms abroad would not affect investment in Australia. He noted Australia is not a tax haven and profits of overseas subsidiaries are taxed there, not in the United States. American capital is rising in Australia due to growth opportunities.
MENTIONED IN THIS ARTICLE
Happy Valley
South Australia
United States
Australia
U.S
U S
Congress
Wall Street Stocks Down in Light New York Trading
Stock prices slipped on the New York Exchange in light trading for the seven sessions. The market showed small gains in a few issues while rails drifted and the overall tone suggested a cautious outlook for a later rise.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Also Mentioned on This Page
Canberra
Air
Julian Amery
Kenge
King
Table Salt Manufacturers of
Hopes Zasina
Wall Street
Macdonalds
O'Connor