Word: exempted
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Another new aspect of the policy stipulates that only income post-marketing is exempt from licensing royalties, noting that pre-marketing income like stock options is not exempt...
...have an impact. Twenty years ago, Ireland had six different income-tax brackets; today it has just two. That's hugely appealing to tax reformers like Kirchhof in Germany, who believe that many of his nation's problems stem from a tax system that has grown too convoluted, with exemptions and loopholes that are counterproductive or even contradictory. Published last fall, his scheme would amount to a massive simplification of the tax system, eliminating all tax breaks and introducing a top 25% rate on annual income of more than €20,000, with a small number of standardized deductions. Kirchhof...
...looking to withdraw from the day-to-day business. "I had to travel around the world constantly, and I had married and wanted to get to know my kids," he says. That's when the troubles started. As long as he was actively managing the firm, he was exempt from the wealth tax. When he retired, he became liable. But his money was tied up in Business Objects' very volatile stock. With a stake in the firm that fluctuated in value around €25 million, his wealth-tax bill alone amounted to half a million dollars every year...
...roughly 10,470 women) in 2003, and it continues to accelerate 1 to 2 percentage points a year. Yet women make up only about 11% of the nation's clergy. This is not totally unexpected, since more conservative denominations do not ordain women and are exempt on First Amendment grounds from equal-opportunity laws. More startling, however, was a set of data on 15 Protestant denominations in a 1998 study called Clergy Women: An Uphill Calling. It showed that even in more liberal fellowships, female clergy tended to be relegated to specialized ministries like music, youth or Bible studies. Those...
...9/11 and willing to support measures needed to prevent another attack. Behind the scenes, government lawyers debated the meaning of "any means at our disposal." Even before the U.S. went into Afghanistan in October 2001, State Department officials and Pentagon military lawyers were incensed that political appointees wanted to exempt captured Taliban and al-Qaeda fighters from the Geneva Conventions. "[Secretary of State Colin] Powell was irate over it," recalls a former State Department official. "He was arguing, 'You can't not follow the Geneva Conventions...