Word: offseting
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...capital, which Foremost can use for further expansion. But Wall Streeters suspected that a very important reason for the merger was similar to that which had encouraged Floyd Odium to consider buying money-losing Kaiser-Frazer Corp.: the advantage of taking over a company's past losses to offset the buying company's excess profits taxes (see Taxes). ACF-Brill, with $25 million in invested-capital tax base and some fat losses (a three-year total of $5,569,583) to its credit, would be a fine tax hedge for Foremost, a growth company now beginning to feel...
...deal had looked attractive. There were reasons why it should: Convair could use K-F's big Willow Run plant to make aircraft; in peacetime, it could make automobiles; moreover, Kaiser-Frazer had piled up some $49 million in losses which the merged companies could use as an offset against Convair's excess-profits taxes...
...declared that perhaps the greatest hope for this program lies in a rise of productivity in the South to offset the Eigher wage rates in New England...
...altered to suit their convenience; under this formula the workers might get a 5?-to 13?-an-hour increase (over their present average rate of $1.79 an hour). More emphatically, Putnam told U.S. Steel's President Ben Fairless that ceiling prices on steel would not be raised to offset the cost of wage increases. Said he: "You are bargaining with your own money...
...same time that the company sought the five cent coin-phone rate increase, spokesmen requested a temporary two and one half cent general rate increase to offset any losses incurred in the eight-month period necessary to make the coin-box changeover...