Word: exempts
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That would have ensured that no war criminal could ever be legally exempt from prosecution...
Filling the ranks has become increasingly difficult. Spurred by West Germany's noisy left, the number of applications for exemption by conscientious objectors has risen from 6,000 in 1967 to 11,800 last year-and 81% of the exemptions were granted. West Berlin, where residents are draft-exempt, is increasingly used as an asylum for young men who want to avoid military service. They stay there as students or workers until they pass draft age. In recent weeks, three Bundeswehr officers-two of whom held sensitive positions-have defected to East Germany. There is an increase of minor...
...suburbs. Furthermore, existing Harvard housing now occupied by graduate students (such as Peabody Terrace) cannot be opened to non-Harvard residents without substantially increasing rents (even assuming, implausibly, that displacing students in favor of others would solve either group's housing problem). Such student buildings are legally exempt from taxation, though voluntary payments to the city in lieu of taxes are now made. Admitting non-students would terminate the tax exemption, the property taxes to be paid would be larger than the present in-lieu payments, and rents accordingly would have to be raised...
...businessman. The Justice's bitterness was aimed at the Internal Revenue Service, which has been investigating the Parvin Foundation's finances for the past three years. Apparently Douglas believed that IRS agents were more intent on embarrassing him than on checking into the foundation's tax-exempt status...
Banks last week charged government bond dealers as much as 10% a year for loans to finance their holdings of securities. Interest rates on tax-exempt local bonds reached new peaks. Cobb County, Ga., for example, paid 6.49% interest to float an issue. A block of Government-guaranteed local public-housing bonds was offered to investors at a record annual yield of 5.55%. For a person in the 50% federal income-tax bracket, that is the equivalent of an 11% return before taxes on ordinary stocks or bonds...