1 result for (book:tps5 AND heading:"delet session octob 10 1979" AND stemmed:tax)

TPS5 Deleted Session October 10, 1979 2/50 (4%) Prentice Dutch Hall contracts publishing
– The Personal Sessions: Book 5 of The Deleted Seth Material
– © 2016 Laurel Davies-Butts
– Deleted Session October 10, 1979 9:17 PM Wednesday.

[... 6 paragraphs ...]

(Jane also discussed with Tam a number of points growing out of our last royalty statements; some of these are quite legitimate gripes that we’ve kept quiet about for some time. Her implications to Tam were clear enough—we hope: that for the first time she was thinking of alternate courses of action to being published by Prentice-Hall, perhaps trying other publishers, Eleanor Friede among them. I was all for that, I told her. During the week after the Dutch edition arrived, we received from Tam the contracts for God of Jane and Mass Events, both of which contain phrases and clauses in an effort to get around Prentice-Hall’s habit of withholding percentages of earnings against returns. She told Tam she wouldn’t sign them, nor do I want her to. Prentice-Hall even wants to apply any losses for God of Jane against Mass Events after 18 months, in an effort to make one book pay for another! As it is, Prentice-Hall is now applying earnings from the paperback Politics against the hardcover losses—a method Tam says is common in the trade, but which I think is ethically dishonest, to say the least. They did the same thing with Adventures; in this case, that action wiped the board clean for the hardcover Adventures, and even showed a small profit from the paperback sales. But still, it costs us. I view such tactics as the publisher’s way of guaranteeing their publishing costs with no risk to themselves. Instead of charging hardcover losses against taxes as a business expense, say, they charge the author for them; this means they do not have to pay the author any royalties on paperback sales, for at least several years. I don’t think Jane yet grasps the implications here.

[... 16 paragraphs ...]

In Framework 2, for one thing, the probabilities concerning national economics are known, and your course is indeed being plotted, for your benefit, among multitudinous issues, of which you are not consciously aware. I tell you that such a mechanism does operate. Your characteristics, intents and purposes are taken into consideration, and constant readjustments are also made. You both wanted a year with lower taxes. That was indeed part of your intent, but then when this occurs we only hear cries of woe.

[... 25 paragraphs ...]

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