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...DIED. THOMAS KLESTIL, 71, Austrian President; two days before the end of his second six-year term; in Vienna. After three-and-a-half decades as a diplomat and public official, Klestil was elected to the post that had been tarnished by the Nazi past of his predecessor Kurt Waldheim. In contrast, Klestil spoke out against Austrian complicity in the Holocaust, paid the first visit by an Austrian President to Israel, and opposed the Austrian nationalist Freedom Party's participation in the government. Klestil, shown below, is succeeded by Heinz Fischer, who was elected in April...

Author: /time Magazine | Title: Milestones | 7/12/2004 | See Source »

...growing to rethink tax policy to restore vitality to Europe's lackluster economy. In large and small ways, the heavily bureaucratic tax systems in place in most of the Continent are coming under attack - and even governments with the biggest budgetary constraints are being forced to respond. The Austrian parliament in May approved government plans to slash corporate taxes from 34% to 25%, beginning next year. Belgium last year cut its corporate-tax rate to 34% from 40%. Firms operating in Estonia now pay zero tax on profits they reinvest inside the country. In Italy, Prime Minister Silvio Berlusconi promised...

Author: /time Magazine | Title: Escape From Tax Hell | 7/11/2004 | See Source »

...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 Agency - which deals with prospective foreign investors - says it has been inundated with inquiries after the government announced its intention to slash corporate rates; in the first three months of this year alone, it dealt with 900 requests, a 77% increase in the number in the same period...

Author: /time Magazine | Title: Escape From Tax Hell | 7/11/2004 | See Source »

...addition to Ali G, Baron Cohen’s repertoire of oddball journalistic characters includes hapless Kazakhstani correspondent Borat and egomaniacal Austrian fashion reporter Bruno...

Author: By Simon W. Vozick-levinson, CRIMSON STAFF WRITER | Title: Da Class Day Show | 6/9/2004 | See Source »

...Show,” he also appears as two other characters, Borat, a naive Kazakhstani reporter who travels to the U.S. to report on American culture, and Bruno, a self-obsessed Austrian fashion reporter...

Author: By Katharine A. Kaplan, CRIMSON STAFF WRITER | Title: Ali G To Speak At Class Day | 5/24/2004 | See Source »

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