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...year-long Ottoman rule over Greece, when people evaded taxes as a form of resistance. Ordinary Greeks point to a more immediate cause. "Everyone cheats," says lawyer Elena Tzanetakou, 29, as she rushes out of a tax office in Athens after filing paperwork for a client. "The system is corrupt and it always has been, so people think, 'Why should...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

Cleaning up Greece's wasteful and corrupt state sector, and regaining citizens' trust, will take years. The government is pinning its hopes on increasing tax revenues. Some of that will come from new taxes on items such as luxury goods and fuel. But Athens also insists it can raise $1.67 billion in the short term by cracking down on tax evasion. The government has promised a radical reform of the country's complex and inefficient tax system and says a comprehensive new law, which is intended both to simplify the system and to spread the tax burden more fairly, will...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...there's anything to criticize in the 33-year-old director's sophomore effort (a follow-on from 2006's equally pastoral Stories from the North), it's that his high-definition images - all darkening clouds and lustrous green paddies - are too beautiful. Despite its share of grumbling about corrupt politicians, Agrarian Utopia quickly moves beyond some heavy-handed message movie toward Buddhist meditation. Uruphong's oppressed peasants are as much victims of their own restlessness as they are of meager rice prices. With a poet's eye, the sights and sounds of their close-to-nature existence are transformed...

Author: /time Magazine | Title: Field Daze | 2/15/2010 | See Source »

...into U.S. banks via offshore corporate accounts. These and other cases in the report suggest that U.S. efforts to cut off the flow of tainted funds still have a long way to go. "It's a long-standing goal of ours to try to see if we can keep corrupt money out of this country so we don't aid and abet people who pay this money," Levin said during a briefing earlier this month. "Particularly now, when we're focusing so much on the threat of terrorism." (See the best pictures...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

...subcommittee on investigations released its inquiry into money transfers from top African officials to the U.S. via loopholes in a section of the Patriot Act designed to crack down on illegal terrorism financing. The 330-page report scrutinized moves by top political, economic and business leaders from the notoriously corrupt nations of Angola, Equatorial Guinea, Gabon and Nigeria to determine if they either violated or sought to side-step laws prohibiting money laundering. The report not only found evidence that several powerful officials (known as "politically exposed persons," or PEPs) exploited legal loopholes in moving suspicious funds...

Author: /time Magazine | Title: How U.S. Legal Loopholes Are Aiding Money Launderers | 2/15/2010 | See Source »

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