Word: profitable
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Dates: during 1960-1960
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...wave is the tax laws. The man with a family-owned company today often goes out actively to seek merger with a bigger company. He thus not only gives himself a chance for capital gains in his lifetime but averts a possible sacrifice sale in case of his death. Profit-making companies also look on the tax losses on the books of a money loser as a big inducement to merge, since the loss can be used at the Internal Revenue Service desk to offset the taxes on their own profits...
...usually tough about approving charter applications from club organizers and travel agents, sometimes cancels flights at the last minute if it suspects deceptions. Although wives and children of club members may join the flight, clubs cannot advertise the charter flight except in their own publications, cannot make a profit from...
Just how tight the profit squeeze will get before it eases is a matter of lively debate. Government economists expect an upturn in profits in the fourth quarter. But Ford Motor Co. Economist Dr. T. J. Obal, who believes the current profit squeeze fits the pattern of an economy in the second year of recovery from recession, thinks that "there will be further slippage." Chase Manhattan Bank Chief Economist Wil liam Butler says that the profit squeeze "is very serious as a long-term matter," argues that it will cause a decline in capital expenditures...
However long the profit squeeze lasts, it is not a new phenomenon to U.S. businessmen, who faced it in the 1957-58 recession and learned to live with it. Although a profit squeeze is a symptom of such major problems as foreign competition, automation and changing patterns of living, it can also be a sign that a company-or an industry-is growing sluggish and sloppy. Many of the moves that companies make to combat profit squeezes are moves that should have been made be fore to keep them trim and healthy. Thus a period of profit squeeze-like...
Making Millionaires. In city and suburb alike, says HOUSE & HOME, the present tax structure harnesses the profit motive backward: it abets speculation, penalizes development. Underdeveloped land and vacant city lots are taxed, on the average, at less than 25% valuation across the U.S. v. 40.8% for business properties. Land, comprising one-third of the U.S. national wealth, carries less than 5% of the total tax load. Not surprisingly, land speculation has made more millionaires since World War II than any other form of U.S. business or investment...