Congress targets corporations for 'revenue enhancements'

Article Abstract:

The US government is considering numerous tax measures to alleviate its budget deficit, many of which could directly affect US corporations. Some of the measures include: suspending income deferral through installment sales; accelerating estimated corporate tax payments; continuing the three percent telephone excise tax; and the creation of an imported property income tax. The latter involves taxation of goods imported into the US by US-owned firms. The purpose is to increase tax revenue and discourage US firms from setting up manufacturing facilities overseas. Companies with foreign affiliates spending large amounts of money on research and development here and abroad will be taxed proportionately on both foreign and domestic income. A pro-business development is the abandonment of the idea of taxing corporate takeovers.

Planning, Taxation, Corporate taxes, Corporations, Budget deficits

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Black Monday sparks Congressional attacks on program trading

Article Abstract:

The stock market crash of Oct 1987 was caused by a variety of factors, both machine and human. Program trading and pension portfolio insurance, both of which respond by computer cue to discrepancies in stock prices and futures indexes, are blamed for a large part of the October debacle. Many experts minimize this aspect of trading, but concede it is partially true. Two congressional committees, the SEC, the New York Stock Exchange, the Chicago Mercantile Exchange, the General Accounting Office, a presidential commission, and the National Association of Securities Dealers are all holding separate investigations. It is likely that some sort of legislation will be passed by Congress that limits computer trading.

Analysis, Forecasts and trends, Investigations, Futures market, Futures markets, United States. Securities and Exchange Commission, Investment analysis, Securities analysis, Commodity futures, Stock Market Crash, 1987, Program trading (Securities), Portfolio insurance

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U.S. provides subsidies to combat unfair foreign trade financing practices

Article Abstract:

The Export-Import Bank (Eximbank) of the United States is providing export subsidies to five companies to assist them in gaining contracts in difficult export markets. Trade in those markets is dominated by countries that subsidize exports with mixed credit. Eximbank is offering its own mixed credit arrangements in a financing program that will aid Transit America, General Motors, General Electric, Control Data, and Calmaquiq Engineering Corp. The Eximbank program is the first of several measures proposed by the Reagan Administration to be taken against unfair trade practices.

International affairs, WHOLESALE TRADE--DURABLE GOODS, Finance, International trade, General Motors Corp., Market share, General Electric Co., United States. Agency for International Development, Export-Import Bank of the United States, Control Data Corp., Domestic international sales corporations, Transit America Inc., Calmaquiq Engineering Corp.

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