Taxes: Indiana Makes a Deal with Sony

Few things rile international businessmen more than the unitary tax, an accounting formula used in twelve American states, that considers a multinational corporation's worldwide operations when figuring its tax, rather than just its local ones.

Last week a group of Japanese businessmen, headed by Sony Chairman Akio Morita, met with President Reagan to protest the unitary tax, which it considers arbitrary and unfair.

Morita has already found a way to blunt the issue. He told the state of Indiana that he would build a $20 million videodisc manufacturing plant if it would promise...

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