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...Mitterrand, the tax is a levy on anyone whose worldwide assets exceed €720,000. That means the values of stock and bonds, bank accounts, real estate - even personal belongings. About 300,000 French citizens and residents are subject to it, and it causes some talented taxpayers to flee. Take entrepreneur Denis Payre. In 1990, he co-founded a French software company called Business Objects. The company quickly took off, and was listed on the nasdaq in 1994. By 1997, Payre was looking to withdraw from the day-to-day business. "I had to travel around the world constantly...

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

...this year implemented a flat income tax of 19%. The average corporate-tax rate in the 10 new members is 21.3%, while it is nearly 30% in the rest of the E.U. It is 38% in Germany and 34% in France. That's why many believe that firms may flee France and Germany and head east. Dalia Marin, an economics professor at the University of Munich, says that German multinationals created some 780,000 jobs in Eastern Europe between 1990 and 2001, resulting in a net loss of 90,000 jobs in Germany. Of course, companies weigh more than...

Author: /time Magazine | Title: Want Lower Taxes? Go East | 7/11/2004 | See Source »

...CONVICTED. TAKAYUKI NOGUCHI, 32, Japanese activist; of helping two North Koreans to flee their country via China; in China's Guangxi Zhuang autonomous region. A district court sentenced Noguchi to eight months in prison, the most severe punishment China has handed down to a Japanese for helping North Koreans defect...

Author: /time Magazine | Title: Milestones | 7/5/2004 | See Source »

...followed down a crowded little street. As the lens zooms in the vehicles erupt in a blistering ball of flame. Three bystanders are seen turning their backs from the blast, attempting to cover their heads. In contrast to other videos of insurgent attacks, the cameraman does not flee. Instead he holds his position and zooms in on the burning suicide vehicle and the flaming SUVs. Survivors can be seen moving from the vehicles and attempting to take cover...

Author: /time Magazine | Title: A Chilling Iraqi Terror Tape | 7/4/2004 | See Source »

...those skeptics in the audience, Fahrenheit brings in the experts: a senator/psychologist discusses the culture of fear created by the color-coded security alerts, a former FBI agent bemoans how easily the Bin Laden family was allowed to flee the country after September 11. These official-seeming people lend comfort to those who can’t take the emotion, the bloody Iraqi bodies, as evidence...

Author: By Sarah M. Seltzer, CRIMSON STAFF WRITER | Title: Review: Fahrenheit 9/11 | 7/2/2004 | See Source »

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