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BUSINESS
February 25, 1991 | Teresa Watanabe, Staff Writer
The Internal Revenue Service is aggressively investigating foreign-owned firms in the United States, contending that they are avoiding billions of dollars in U.S. taxes by improperly shifting profits to overseas parent firms. Japanese affiliates, in particular, feel that they are being targeted for review, although the IRS denies it. In any case, IRS statistics show that Japanese-owned firms do report lower taxable profits in the United States than both foreign-owned firms in general and U.
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BUSINESS
February 25, 1991 | Teresa Watanabe, Staff Writer
The Internal Revenue Service is aggressively investigating foreign-owned firms in the United States, contending that they are avoiding billions of dollars in U.S. taxes by improperly shifting profits to overseas parent firms. Japanese affiliates, in particular, feel that they are being targeted for review, although the IRS denies it. In any case, IRS statistics show that Japanese-owned firms do report lower taxable profits in the United States than both foreign-owned firms in general and U.
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BUSINESS
November 14, 1990 | TERESA WATANABE, TIMES STAFF WRITER
They're not scrambling to sell yet, but Japanese ardor for U.S. real estate has definitely cooled amid fears of an economic recession, Mideast war and the plunge in the Tokyo stock market, a new report concludes. In an interim report to be released today, Kenneth Leventhal & Co. has reduced its estimate of 1990 Japanese investment in the United States to a range of $10 billion to $13 billion, from a previous forecast of $13 billion to $16 billion.
BUSINESS
February 22, 1991 | TERESA WATANABE, TIMES STAFF WRITER
The Internal Revenue Service may soon win greater powers to aid its crackdown on foreign-owned firms in the United States, which allegedly are ducking billions of dollars in U.S. taxes by improperly shifting profits to their parent firms overseas. An IRS hearing is scheduled today in Washington on proposed regulations giving the agency broad new access to a greater number of foreign financial documents.
BUSINESS
April 26, 1989 | BILL SING, Times Staff Writer
By American standards, Hiromasa Ezoe would have been considered a success story. But by Japanese standards, and his own, his successes weren't enough. Ezoe, born in a lower-class background in class-conscious Japan, founded Recruit Co. with an initial investment of $1,400 in 1960, while still in his 20s. Starting out by simply publishing a single news sheet that advertised jobs for students, the company grew enormously under his direction until more than 25 years later it had become a giant information, computer and real estate conglomerate with annual sales of close to $4 billion.
MAGAZINE
January 1, 1989
The editors and writers of The Times have chosen some of the brightest of Southern California's rising stars to showcase in this second annual special issue of the magazine. The people profiled in the following pages already have achieved a measure of greatness in their respective fields, but they were picked to be among this select group of 89 because of their potential to achieve even greater fame and recognition.
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