Word: reductionism
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Dates: during 2000-2009
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(2 of 3) France, Germany and some other nations are trying to resist such pressures by calling for a "harmonization" of E.U. taxes - in other words, raising everyone else closer to their higher levels. But there's no majority in Brussels for tax harmonization, and swimming against the tide is...
(3 of 3) Unlike the U.S., Europe has a powerful, Continent-wide tax instrument at its disposal: vat. (Sales tax in the U.S. is administered by states, and thus can't be coordinated for economic effect.) Many economists argue that consumption taxes such as vat are inherently fairer than other...
The Putin-Khodorkovsky conflict goes way beyond taxes. Yukos did indeed pay tax well below the statutory rate of 24%, notes Paul Collison, an oil analyst with Brunswick UBS brokers, just like many Western oil companies do in other parts of the world. The practice is not necessarily illegal, and...
A financial update issued by medical school Dean for Finance Cynthia L. Walker in June said that since October, the school has cut its budget by 5.6 percent, which helps to account for the reduction in projected deficits. Walker could not be reached for comment.
Richard M. Scrushy, the first chief executive to be charged under the law, challenged Sarbanes-Oxley in court. The judge allowed argument that the law's fuzzy language isn't clear enough for execs to know when they've broken the law. No ruling yet, but the case is giving...