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From Times Staff and Wire Reports
Penalties Against Israel Boycotters Called Light: U.S. companies that honor the Arab boycott of Israel appear to be getting off with light penalties from the Internal Revenue Service, congressional investigators said. “A total of 40 corporations paid an average of $71,250 more in taxes” because of a law aimed at discouraging cooperation with the embargo, the General Accounting Office said. Twenty-six of the 40 had assets totaling $1 billion or more.
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