Word: archinard
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Dates: during 2000-2009
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...above 45%. Taking away such a big slice of income saps people's motivation to work, while also pushing up the cost of labor and making companies reluctant to create new jobs. "Lots of countries are concerned that Europe is losing ground - and rightfully so," says Philippe Archinard, the chief executive of Innogenetics, a Belgian biotech company with 600 employees. He says doing business is so much costlier in Belgium that "gradually all R. and D. centers are going to go abroad." While individuals have a hard time escaping income taxes, companies can vote with their feet. The Austrian Business...
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