Word: coded
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...Brief History of the 401(k) Congress was trying to close a loophole on executive bonuses when it created the 401(k). Most companies intended 401(k)s - which were originally called salary-reduction plans but then renamed for the portion of the tax code that makes them possible - to be a perk for highly paid executives, not a pension replacement. That's because lower-paid employees probably could not afford to defer a portion of their paychecks. So companies held on to their pension systems even as they added 401(k)s, which by law they had to make...
...government is guaranteeing that nobody will come forward again and disclose information about tax fraud on this scale," says Dean Zerbe, a tax attorney representing Birkenfeld in his dealings with the IRS. Zerbe also served as tax counsel for the Senate Finance Committee; in 2006 it revised the tax code to include whistle-blower protections...
...International Baby Food Network (IBFAN) regularly publishes its "State of the Code by Country," classifying nations by their compliance. The Philippines gets the organization's highest rating, having "implemented most of the Code and subsequent World Health Assembly resolutions by means of a comprehensive law, decree or other legally enforceable measure." India and Sri Lanka also top the list. Developed countries Hong Kong, Japan, Singapore and Taiwan come in low, having only instituted a few voluntary provisions, and the U.S. is - in the words of IBFAN founder Annelies Allain - "at the bottom of the pile." Its position in the lowest...
...resources and the determination needed to see the process through. In August this year Vietnam's Health Ministry announced the discovery of dozens of violations of the country's formula labeling rules. In its latest Breaking the Rules, Stretching the Rules report from 2007, IBFAN documents over 3,000 Code violations, committed by 12 companies in 67 countries, and collected since 2004. (See pictures of pregnant-belly...
...reality, after the signing of the Philippines' own National Milk Code, "the implementation was spotty, irregular, not done consistently," says Health Undersecretary Alexander Padilla. Held up by legal complaints from milk companies who saw the code as an unlawful affront to their industry, the domestic law went through 12 drafts over 19 years. "We went through public hearings, consultations; we even tried to process the complaints of the milk companies - until when we couldn't agree on anything anymore, they brought the case to the Supreme Court," says Padilla. The milk companies' efforts finally lost the case when the Supreme...