Word: crackdowner
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...American in Paris or a Melanesian microchip maker in Minneapolis, the message from the Internal Revenue Service is the same: pay up! The IRS announced a crackdown on American tax evaders living abroad and foreign-owned companies that are operating in the U.S. The Government says that it loses $2.3 billion a year because 61% of the 1.8 million Americans living abroad do not file returns. And an IRS survey of 12,000 foreign-owned U.S. corporations showed that up to 80% pay little...
...study reached no firm conclusion about the cause, acknowledging that several factors, among them rumors and speculative press reports, could help explain the phenomenon. Nonetheless, "it is possible, and logical to many, that illegal insider- trading behavior" might be a significant factor, the study said. If so, the crackdown comes none too soon...
...Deng is still in charge was first raised in January, when his protege and handpicked successor, Communist Party General Secretary Hu Yaobang, was abruptly ousted after being blamed for disruptive student demonstrations in December. Deng immediately spread the word that he had favored both Hu's ouster and a crackdown against the students, who were demanding more democracy...
...party document made available to Western reporters last week, had been an early critic of the ex-party chief's six major "errors," one of which was that he encouraged too much buying of consumer goods. But China watchers are wondering if Deng is still leading the crackdown or, like Hu, has become a victim of it. Says one Peking intellectual: "At the very least, Deng's recent moves have been forced and involuntary...
...extraordinary show of solidarity with the Chinese intellectuals and students, 160 American scholars appealed last week to the Chinese government to relax its campaign against writers and artists. The petition, which was delivered to the Chinese ambassador in Washington, said the U.S. academics are "deeply concerned" that the current crackdown will "undermine China's effort to modernize its economy...