U S Firms Discover Overseas Tax Havens
American firms operate tax haven subsidiaries in Panama Bahamas Bermuda Switzerland Liechtenstein Venezuela and the Netherlands Antilles to avoid U S income taxes. The article outlines how profits are shifted to offshore entities with little or no tax and notes political debate and industry defenses. It cites Senate remarks by Albert Gore and quotes from The First National City Bank of New York on the role and need for tax reform.
MENTIONED IN THIS ARTICLE
Miami
Fla
U.S
Republic of Panama
Panama
Bahamas
Bermuda
Switzerland
Liechtenstein
Venezuela
Netherlands Antilles
United States
Nassau
Baamas
United States Steel
Albert Gore
Tennessee
Senate
Latin America
Latin Nations
Panama Company
Sen. Gore
Life Insurance Company
Kennedy
Treasury
Douglas Dillon
Congress
First National City Bank of
New York
Steel Industry Faces Tough Competitive Challenge
A report from the American Iron and Steel Institute warns the U S steel sector faces serious competition and must raise profits to fund research, plant upgrades, and market development. It notes 1956 sales stagnation, rising wages, and growing foreign steel competition, with imports eroding U S export sales while cost per man-hour climbs.
MENTIONED IN THIS ARTICLE
New York
United States Steel Industry
American Iron and Steel Institute
Steel
Trade Fair Next For JA Groups
Middletown Junior Achievement groups prep for the second annual JA Trade Fair during Junior Achievement week January 3 through February 4. The JA year runs September or October to April with annual reports and stockholders’ payments. The group lists 14 companies and names involved, including Monore Franklin Madison Trenton Middletown and Fenwick high schools, with awards to be presented at the May banquet.
MENTIONED IN THIS ARTICLE
Middletown
Greene and Ladd Stock Exchange
Springfield
Dayton
Cincinnat
Hamilton Company
Bill Wiley
Priscilla Crafters
Wrennco
Civ'iteens
Jarmeo
Little Steelers
the Jay-Rays
Micar Metalcrafters
Jaco Dynamics
Aeronca Sky- Rockets
Gardner Enterprisers
Ma-Manco
Busy Bee Cee's
Crystalites
Solarcrafts
Monroe Franklin
Madison
Trenton
Fenwick
New Mill Manager Named for Youngstown Plant
AP reports Republic Steel Corp. appoints J. R. Phillips Jr. district manager at Youngstown plant effective next Sunday. Phillips, promoted to assistant district manager in 1960 after 23 years with the firm, succeeds retirementing J. H. Graft.
MENTIONED IN THIS ARTICLE
Cleveland
Republic Steel Corp
J. R. Phillips Jr
Youngstown
Philips
J. H. Graft
Standards Set For Shelters
Washington AP reports the Civil Defense office issued a set of minimum requirements for commercially built fallout shelters seeking Pentagon approval. Each compliant design will receive a Civil Defense serial number. The standards aim to ensure shelter effectiveness with local code modifications possible.
MENTIONED IN THIS ARTICLE
Washington (S
Pentagon
Civil Defense Office
Civil Defense
Defense shelter standards and plan submission rules
Two memoranda set space, ventilation, structure, fire resistance, shielding, blast resistance, water and sanitation and other essential services standards. A second memo requires 91 plans for approval include data prepared by registered engineers or architects. The Defense Department had about 600 shelter designs ready for review and must be restudied.
MENTIONED IN THIS ARTICLE
Defense Department
Ireland This Week Armchair Adventure At Roosevelt
Willis Butler, a traveling film lecturer and motion picture expert, returns to present Ireland at 7 30 p m Thursday in the Roosevelt Junior High School auditorium. Butler, a former network broadcaster and Northwestern University lecturer, has shown Egypt and Japan films here and appears for the National Geographic Society and other groups.
MENTIONED IN THIS ARTICLE
YMCA
Willis Butler
Egypt
Japan
Ireland
Roosevelt Junior High School
Butler
Northwestern University
School of Speech
National Geographic Society
New York Town Hall
Ireland film shown by Butler on stage tour
Butler presents a 90 minute color film titled Ireland covering the Emerald Isle from Free State to Northern Ireland. It highlights geography history tourism industry churches towns railroads mills linen culture fashion and sports as he describes the rich human spirit of Ireland during his third trip to the five.
MENTIONED IN THIS ARTICLE
Ireland
Emerald Isle
Free State
Northern Ireland
Butler
Space Age Top 10 Young Men Named by Jaycees
Tulsa reports the U S Junior Chamber of Commerce names ten notable young men for 1961. They include Virgil Grissom Newton Minow Theodore Sorenson F Ray Keyser Jr A Edward Lilley Peter Peterson David Rogers John Diebold and Harold Brown. The group will be honored January 19 20 in Santa Monica California.
MENTIONED IN THIS ARTICLE
Tulsa
Okla
America
U.S. Junior Chamber of Commerce
Virgil I.gus Grissom
Newton N. Minow
Federal Communications Commission
Theodore C. Sorenson
F. Ray Keyser Jr
Vermont
A. Edward Lilley
Peter G. Peterson
Bell & Howell Co
David E. Rogers
Vanderbilt University Department of Medicine
Stanley G
Nepal
John Diebold
Saute Group
Harold Brown
Defense Department Research and Engineering
Santa Monica
Calif
Ohio economist sees expanding 1962. unemployment persists
COLUMBUS Ohio AP Ohio State University economist Dr James C Yocum predicts 1962 will bring expanding business activity in Ohio and the United States aided by licensing spending and plant equipment investment Yet he warns unemployment will remain a problem in Ohio despite growth The analysis notes 1961 gains including U S G N P near 518 520 billion and Ohio personal income at 24 1 billion with a March recovery leading to pre recession peaks
MENTIONED IN THIS ARTICLE
Columbus, Ohio
Ohio State University
James C. Yocum
Bureau of Business Research
Ohio
United States
U.S
National Bureau of Economic Research
Nicke Plate promotes Edward B. Hunter to personnel director
Edward B. Hunter, a 34 year Nickel Plate Road veteran, will become director of personnel on January 1. He succeeds Z T Komarek who retires after 38 years with the railroad.
MENTIONED IN THIS ARTICLE
Cleveland
Edward B. Hunter
Nickel Plate Road
Z. T. Komarek
Second lecturer repeats in year-old series
The piece notes that only one other lecturer has appeared as many times, veteran adventurer John Goddard, who appeared three years in a row in 1957, 1958, and 1959. It highlights the rarity of back-to-back repeats and places the current repeat in that context.
MENTIONED IN THIS ARTICLE
Middletown Lincoln-Mercury Co
Art Directors Club of Cincinnati
Middletown Journal
Ken Philips
George Tessian
Art Directors Club
S. Fabian Advertising Agency
Cincinnati
Automotive News
John Goddard
Series schedule notes next history program dates
Thursday's program marks the third in this year's series following Europe and Burma. After Butler, future editions cover Czechoslovakia on February 1 and Hawaii on March 1 with door tickets available for Thursday night's program.
MENTIONED IN THIS ARTICLE
Europe
Burma
Butler
Czechoslovakia
Hawaii
Also Mentioned on This Page
James Russell
United
The
Service
Greene
Ladd
Manchester
Motor Inn
New York Stock Exchange
Theodore C. Sorensen
F. Roy Keyser
David Froger
Grissom
Peter G. Peterton
A. Taware Lilley
Staiey G. ‘Sturges Ha
Harold Stewe
Jaycees
Newport News
Purdue University
Air Force
Minnow
Sorenson
White House
Keyse
Montpelier
Nndustrial Building Authority
State House of Representatives
Lilley
Cambridge
Mass
Harvard University
Harvard
Peterson 35
Chicago
Bell & Howe
Peterson
Charles Percy
Rogers
Medical Department
Vanderbilt
Nashville
Diebold
New York City
Brown 34
University of California
Sturges
Regian Congo
Banepa
Marion
Hamilton
Halsboro
Athens
Westheimer
Fi, Wayne
Greensburg O
Iddletown
Columbus
Lancaster
Chilucom
Cincinnatilo
Charles Toms
Charleston
New York: Stock Exchange
Federal Savings & Loan Bldg
Middletown, Ohie
Tim Johnson
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