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...according to consulting firm KPMG, and they poured around $917 million into its tax system in 2006 alone. The central government lets foreigners negotiate how much tax they pay directly with whichever of the country's 26 cantons they move to; an annual lump sum is calculated, based on five times the rental value of the expat's Swiss home. Rates average around 30%, but vary among cantons - in Geneva, taxes are on the higher side, while in less crowded cantons like Zug (an increasingly popular spot for foreign hedge-fund managers) they can be less than 15%. For good...

Author: /time Magazine | Title: Take the Money and Run | 2/6/2008 | See Source »

...Cosmic Comics Re "Lumps in the Cosmos" [Jan. 21]: as a member of the comedy group Firesign Theatre, along with Phil Austin, Peter Bergman and David Ossman, I would like to point out that we first espoused the "cosmic lump theory" back in 1971 with our album I Think We're All Bozos on This Bus. During a simulated ride, "Up Against the Wall of Science," at the holographic Future Fair, the narrator says, "For some reason, for some time in the beginning, there were hot lumps. Cold and lonely, they whirled noiselessly through the black holes of space. These...

Author: /time Magazine | Title: Inbox | 1/24/2008 | See Source »

This raises two questions. First of all, why should we care? This one's easy: the Milky Way is a lump, as is our solar system, as are all of us. No lumps, no you. The second question is, Where did all the lumpiness come from, given that the universe shortly after the Big Bang was a pretty uniform sea of particles? This is a puzzle that's had a complicated history, but it may be a little closer to getting solved, thanks to an anomalous spot in a photo recently taken by a space-observing satellite...

Author: /time Magazine | Title: Lumps In the Cosmos | 1/10/2008 | See Source »

...Wayne Grigsby, who commands a U.S. Army brigade in Madain, said that they were not turning volunteers away. Instead, a lump sum is provided by U.S. military to local Iraqi leaders that is then divided among all the CLCs. The intent is to encourage Iraqis to keep the number of CLCs down, so that each man's salary does not suffer. Instead, men like Jabouri have divided the money among an ever-growing number of volunteers (resulting in some fighters' receiving just $70 a month), and then lobbying the U.S. military and the Iraqi government for more financial assistance...

Author: /time Magazine | Title: Iraq's New Job Insecurity | 12/24/2007 | See Source »

...simple explanation is that Bethlehem's Christians are caught between the rise of Islamic extremism and the rigors of Israeli occupation. Because the city is under the control of the Palestinian Authority, Israeli security forces are building a 26-ft. (8 m) high concrete wall around it. The Israelis lump Christians in with all Palestinians as possible terrorists. My wife's hairdresser is a Christian who is moving to Australia because he is worried about his daughters. Walking home from school, the teenage girls are taunted by members of an Islamic militant group, just because they wear crosses...

Author: /time Magazine | Title: Memories of a Bethlehem Christmas | 12/20/2007 | See Source »

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