Iowa Tax Refund Sparks Legislative Debate and Plans
Governors proposal to refund 50 million from state surplus taxes dominates a heated session. Lawmakers worry one time money delays long range tax relief and tax structure reform. Some back indexing and credits while Sen Kinley proposes suspending the 3 percent sales tax in July.
MENTIONED IN THIS ARTICLE
Ray
Iowa
Sen. Kinley
Des Moines
Senate
Shooting preserves stir Iowa hunting debate and economy
An Iowa article argues for private shooting preserves as year round hunting venues. It notes benefits like reduced fuel use, safer hunting, and local economic potential, while acknowledging anti hunting critics. The piece also touches on broader Middle East politics with a provocative Iran reference.
Profit Illusion and the Real State of American Business
The piece argues after tax profits in 1978 seem strong but rely on inflation, depreciation tricks, and inventory gains. It cites IBM, GM, Exxon, and AT&T as top earners while warning that true earnings and retained capital are far lower once adjustments are made. Strong entities cited include General Electric, Business Week, and the Los Angeles Times Syndicate.
MENTIONED IN THIS ARTICLE
American Telephone and Telegraph
General Motors
IBM
Exxon
Reginald H. Jones
General Electric
America
Business Week
Real
How Not to Buy a New Car
A tongue in cheek guide detailing a stubborn buyer's plan to resist new-car purchases. The speaker outlines a four step test based on cost limits set by a parent’s house price, on road tests with a full caravan of family and supplies, a rainwater exposure check, and a dashboard plastic peel test before deciding whether to buy. The piece pokes fun at car lust and economic impact.
Caribbean tax haven lures investors to US farmland
The piece details Curacao and the Netherlands Antilles as offshore tax havens leveraging a 1955 tax treaty to let foreign buyers gain large tax advantages on US cropland. It notes no local capital gains tax, US estate tax avoidance via offshore corporations, and a 3 percent Dutch Antilles tax versus 30 percent US rates. The NY office promotes offshore benefits, warning Americans it’s not for them.
MENTIONED IN THIS ARTICLE
United States
Netherlands Antilles
Caribbean
Bahamas
Cayman Islands
Panama
Paul G.M. Lowenthal
New York
Internal Revenue Service
Also Mentioned on This Page
Cedar Rapids
Editorial
Art Heusinkveld
John Donnelly
John Robertson
Midwest
Wyoming
Merrie Olde
England
Comrades In Arms
Iran
By Jenkin Lloyd Jones
Ralph Nader
Penn Central
U.S
Los Angeles Times Syndicate
By Russell Baker
OPEC
Baksheesh
Los Angeles
New York Times SeRvice
Martha Angle
Robert Walters
Willemstad
Curacao
Tax Haven Review
Munich
Madrid
Milan
Denver
Detroit
Dallas
Here
Manhattan
Rockefeller Center
Justice Department
Washington
Lowenthal
Newspaper Enterprise Association