Word: payment
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...heavier payments are the result of the complicated shuffle of tax payments necessary to adjust to the speedup. Under present rules, corporations do not begin paying taxes on the current year until September, and then continue paying them in quarterly installments through June of the following year. Under the new system, corporations will estimate their annual tax bill in April and make their first payment then; by year's end all the installments will have been paid. If the shift were made suddenly from the old to the new system, it would cause a doubling up of payments, raising...
...years, the palace was occupied by Rome's Vital Statistics Bureau. Then two builders, Mario Tudini and Achille Talenti, got the palace in 1939 in payment for a construction job. They haven't been able to do a thing with it. "For most of 24 years, this building has stood empty," said Tudini. "It's magnificent, but as an investment it has been a poor deal. I don't care what they say; we're going to sell." Price? About $2,000,000. Buyers? "Bankers, moviemakers, hotel owners, anybody...
...Journal's presses came to a halt after one of its more unsentimental creditors, the U.S. Internal Revenue Service, demanded payment of some $200,000 in back taxes and penalties. Showing remarkable patience, the IRS stayed action-even advanced the paper $800 for an emergency supply of paper and ink-while Morrison went hunting for prospective buyers. But although he located a few-among them Publisher Hank Greenspun of the Las Vegas, Nev., Sun-none seemed overeager to buy a paper that is $1,200,000 in hock...
Former stockholders of the old Suez Canal Co. were firmly convinced in 1956 that they would never get a cent out of their nationalized investment. But with 1962 revenue at a whopping $149.5 million (45% above 1955), Nasser's canal officials have announced payment of the final $11.4 million installment on the $81.2 million compensation debt...
...state government in Rio Grande do Sul expropriated Companhia Telefônica Nacional, an International Telephone and Telegraph subsidiary. Five months later, the governor of Pernambuco took over a subsidiary of American & Foreign Power Co., Pernambuco Tramways and Power Co. In both cases, the companies received little or no payment, while the companies' legal protests ground their way through Brazil's agonizingly slow courts-years and perhaps decades away from firm settlement. Last week, suddenly, both companies were near a payoff...