TAXES: ITT'S Small Contribution

With all their difficulties over party contributions and antitrust deals far from settled, the last thing International Telephone and Telegraph officials needed was a fresh controversy over income taxes. Last week they faced exactly that. In the final stretch of the Wisconsin primary campaign, George McGovern charged that ITT had "paid no federal taxes at all" for the past three years. As it turned out, McGovern could not back his accusation with any reliable evidence, and thus earned the company's rebuke that his charges were "erroneous and misleading." On the other hand, ITT's real tax position, which its officers...

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