How can the U.S. encourage private investment abroad? Last year the State Department commissioned Ralph I. Straus, a director of his family's R. H. Macy & Co. and an economist who served ably with the Economic Cooperation Administration, to study the situation with an eye to formulating a new Government policy. Last week, after distilling answers from questionnaires sent to 955 key U.S. businessmen, Straus issued a report that the State Department heartily endorsed as "a new and fresh look" at the problem.
Some investment-priming suggestions:
ΒΆ Defer taxes on foreign income of...
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