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...Five Wise Men," last November attacked German tax rules as "chaotic" and proposed a comprehensive fiscal overhaul that would cut the top rate for income tax to about 35%. To help pay for the cuts, the Wise Men proposed eliminating €25 billion of annual tax breaks. Another common complaint about European taxes is that they send the wrong economic signals. In much of Europe, labor and consumption are taxed - through social-security contributions and vat - at far higher rates on average than in the U.S., where property and corporate income taxes tend to be higher. That's at odds...

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

...will Beijing react? Probably slowly. Last week the state-owned news agency Xinhua reported only that "some Hong Kong residents" rallied, and that bus and minibus services were disrupted and which was said to have prompted "complaints from many members of the public." Contacted by TIME, Hong Kong's Transport Department said it hadn't received any; the operators of the three major bus companies said they received a single complaint?and one received "many commendations" from the public...

Author: /time Magazine | Title: Back Off, Beijing! | 7/5/2004 | See Source »

...Cambridge Fire Department, with assistance from the Cambridge Police Department (CPD) and the Harvard University Police Department (HUPD), investigated the complaint...

Author: By Alan J. Tabak, CRIMSON STAFF WRITER | Title: Suspicious Box Prompts Holyoke Evacuation | 7/2/2004 | See Source »

Relations between Republicans and Democrats in Congress have rarely been worse. But leaders in both parties hope an even bigger fight won't erupt after a Democratic Congressman last week lodged a complaint with the House Ethics Committee against majority leader Tom DeLay. Texas Representative Chris Bell--who lost his seat in a primary last March in a district that had been redrawn by a Republican redistricting plan DeLay helped engineer--charges that one of DeLay's political-action committees illegally funneled corporate money into the 2002 Texas state house races, an allegation that an Austin grand jury is investigating...

Author: /time Magazine | Title: A Parting Shot At Delay | 6/28/2004 | See Source »

...Bell's complaint breaks an informal seven-year truce between parties on members of Congress filing such actions against one another, an agreement dating back to the nasty battle that led to the unseating of House Speaker Newt Gingrich. Now the gloves may come off. One DeLay ally has threatened to file retaliatory complaints against Democrats, though DeLay told reporters, "I do not encourage anyone to file complaints." Democratic leaders, who claim they had no role in Bell's action, also were eager to keep the conflict contained. Meanwhile, G.O.P. Representative Ray LaHood of Illinois says he will...

Author: /time Magazine | Title: A Parting Shot At Delay | 6/28/2004 | See Source »

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