Word: parentes
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...other provisions that have aroused a lot of bitter opposition: 1) withholding on dividends and interest, which would impose huge costs and a large burden of paper work on banks and business firms, and 2 ) taxation of unremitted earnings of overseas U.S. corporations (only earnings remitted to the parent corporation are now taxed by the U.S.). This proposed tax on subsidiaries would violate the widely accepted international principle, followed by the U.S. until now, that business profits are taxed in the nation where they are earned...
...bigger game in sight. He said he might quiz Eisenhower's Treasury Secretary George Humphrey about limited-risk contracts that the Truman Administration signed, just four days before it went out of office, with Hanna Nickel Smelting Co. Humphrey headed the nickel company's parent firm, M.A. Hanna Co., before he joined the Government, and he retained his Hanna stock while Treasury Secretary. All of these facts had been disclosed long ago, but Symington said he wanted to know if Humphrey's companies made unjustified profits...
...measure of Parker's vitality is that last fall its 50-year-old plant was condemned as a firetrap-and last month it proudly opened a handsome new $2,500,000 building on the same North Side site. Vital were the $750 loans by Parker parents, who provide, says Principal Cleveland A. Thomas, "the highest order of parent participation of any school I have ever known." The parents could feel confident of a sound investment. Said Harvard College's Dean John Monro, chief speaker at the dedication of the building: "I have never known a dull...
Shooting for the parent trade, Nestlé in 1947 bought Maggi, a Swiss company with a $100 million-a-year line of soups and seasonings. In 1960, Nestlé's bosses laid out another $27 million for England's venerable Crosse & Blackwell Ltd., with its 26 soups, preserves, pickles and puddings. Last year the company picked up Italy's Locatelli, which produces cheese, tomato products and meats. Today, Nestlé markets everything from soup to nuts, has 75,000 employees and 180 factories in 34 countries. With annual sales of $1.5 billion, it is the world...
...Parent to Strangers. The battle goes on across a broad chasm that Chatô, in his frantic private life, dug between himself and his children. In 1922 he married the daughter of a French architect living in Brazil; the two separated before his first son, Gilberto, was born. Three years later, Chatô married the daughter of a Brazilian banker; before they parted, his second son, Fernando, was born. Chatô saw to it that his two sons were well educated and well provided for, but beyond that he had little time for them. After one of his frequent quarrels...