equalization tax

As the original intent of the Interest Equalization Tax was the reduce the balance-of-payments deficit, a majority consider the tax successful.

Steel's interest in tax issues began at an early age when she watched her mother fight what they believed was an unwarranted Board of Equalization tax bill.

In 1963 an interest equalization tax was imposed to reduce purchases of foreign bonds and shares; in 1965 US bank lending to foreigners was curtailed.

Interest Equalization Tax was a domestic tax measure implemented by U.S. President John F. Kennedy in July 1963.

"No sooner do we get through the interest equalization tax problem than we run smack into fish and textiles," he says to Haru, with a chuckle, a great, inadvertently hilarious line.

Economist Barry Bosworth said that while Fannie Mae was a "good, hard-charging" corporation, it should be "fully-taxed," and an "equalization tax" should be levied on its borrowing to offset the effect of the implicit federal guarantee.

When Norwegian shipping companies discontinued refinancing their vessel purchases in the United States capital market (the Interest Equalization Tax), requirements were put on Swedish wharfs to hand out credits with subsidized interests and conditions, like the Japanese industry.

Further, impose an "equalization tax" on the imports of third world countries where wage rates are so far beneath those of the United States that they have become meccas for transnational corporations eager to off-load their American workers on the junk heap of the "global economy," and hire Asians at a tenth the price.