Taxes Discussed and the Interest Equalization Tax
William A Doyle explains that the pending interest equalization tax on foreign securities is not yet law but would tax American buyers purchasing from nonAmericans up to 15 percent, with potential retroactive effect to July 18, 1963. A Certificate of American Ownership can exempt sellers’ transactions from the tax, though final form remains uncertain and loopholes exist. The term Dillon’s nightmare labels the proposal as a balance of payments stopgap and questions about taxation of stock dividends are addressed, noting stock dividends are not taxed.
MENTIONED IN THIS ARTICLE
Congress
U.S
Bute
Dillon
C. Douglas Dillon
Scottsdale Receives 2.7 Percent Share of State Sales Tax
The state tax commission reports Scottsdale collected 33 010 dollars from April sales tax, about 2.7 percent of the total distributed to 62 cities. Phoenix led with 546 361 dollars, Tucson 259 971, Mesa 41 245, Tempe 30 496 and Yuma 29 279. Maricopa County totals 2 748 242 of 4 838 005 statewide.
MENTIONED IN THIS ARTICLE
Scottsdale
State Tax Commission
Phoenix
Tucson
Mesa
Tucsom
Tempe
Yuma
Maricopa County
Pima County
Tax Commission
Donovan Resting in New York Hospital
James B. Donovan, president of the New York City Board of Education, rests comfortably at St. Luke's Hospital after admission Friday for a heart ailment. Donovan gained fame as the Powers prisoner negotiator and as the attorney for the Pigs prisoners.
MENTIONED IN THIS ARTICLE
New York
UPI
James B. Donovan
New York City
Surplus Barracks Moved to Salt River Reservation for Youth Center
A surplus barracks from Williams AFB was moved to the Salt River Indian Reservation near Chandler and bolted to a foundation by the Salt River day school. Tribal Chairman Vernon Smith announced the plan to remodel it for about 450 reservation children. The building, declared surplus by the Air Force, was procured by the Bureau of Indian Affairs and moved by a joint effort including the reservation agency, tribal members, and a Marine Reserve engineering company from Mesa. It cost 800 to truck and was funded by the Save the Children Federation Community Development Fund. The WWII-vintage structure is among several moved from Williams since 1962, according to tribal business manager Gen. George Cassady.
MENTIONED IN THIS ARTICLE
Williams Afb
Salt River Indian Reservation
Chandler
Salt River
Hie Marine Reserve
Mesa
Bill King
Save the Children Federation
Williams
George Cassady
Classes Begin At Swim Pool In Scottsdale
Red Cross life guard instruction starts today at the Scottsdale community pool with junior and senior courses. Richard Gooch and Ed Barker lead the classes with junior swimmers ages 12 to 15 and strong swimmers 16 and over eligible for the senior course. The junior 15 hour course runs mornings and Saturdays with no fee beyond admission. the senior 17 hour course includes a two hour written exam. Certificates awarded on completion.
MENTIONED IN THIS ARTICLE
Red Cross Life Guard
Scottsdale
Richard Gooch
Ed Barker
Gooch
Welcome Hostess Receives Western Welcome Call
The notice invites readers to contact the Welcome Hostess for a Western Welcome and promises valuable information and free coupons from leading merchants.
Also Mentioned on This Page
William A. Doyle
Arizona Public Service
Euan
Ota As
Arizona Public Service Company
Donovan
N.Y. Hospital
Ball Park Plaza
Scottsdale, Arizona
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