Word: commitment
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...havens] don?t want to commit commercial suicide by moving ahead of international standards...
...alone estimates that it loses between $54 billion and $70 billion in tax revenues to tax havens every year. Over the past five years, public pressure and patient behind-the-scenes negotiations by the 30-nation Organization for Economic Cooperation and Development (O.E.C.D.) has led many offshore centers to commit, at least in theory, to close some loopholes and exchange sensitive tax information. Of the more than 30 tax havens originally identified by the O.E.C.D. in 1998, only five have yet to agree to open up their books...
...entire havens initiative; while they cooperate on cases of tax fraud, they don't recognize tax evasion by non-Swiss as an offense. Tax havens, says Richard Hay, a lawyer at Stikeman Elliott in London who represents tax havens and some investor groups, "don't want to commit commercial suicide by moving ahead of international standards." He adds: "We are not willing to jump into the volcano if others are not ready to follow." Corporations feel the same way: Why give up a legal advantage? The board of Tyco, for example, is recommending to shareholders that they vote...
...promised to take her on an around-the-world trip and to teach history to his nephew; he also asked for a book called In Search of Excellence to help plan a business career following his release. These, she argues, were not the actions of a man about to commit suicide...
...industry, estimated that it costs an average of $802 million to bring a single new drug to market, though that number is disputed by consumer advocates. Says Alan F. Holmer, president of PhRMA: "Developing new medicines requires cutting-edge science, enormous investment of time and money, and willingness to commit those resources in the face of expensive failure after failure. None of this is compatible with price controls." But no one really knows how the money is spent. Indeed, the industry has refused to open its books to government auditors and once waged a nine-year legal battle with...