Word: scandalizer
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...partners over the weekend to follow suit on his country's draft plan to crack down on tax havens. At a meeting of G-7 Finance Ministers in Florida, Tremonti unveiled details of the proposal - part of a broader regulatory reform to respond to the Parmalat scandal - that requires Italian companies to be far more transparent about offshore holdings, including the way they are accounted for (or not) on the books. In the U.S., John Kerry, the front runner in the race to become the Democrats' candidate for President, is promising that, if elected, he'll introduce legislation to eliminate...
...adds: "We are not willing to jump into the volcano if others are not ready to follow." Corporations feel the same way: Why give up a legal advantage? The board of Tyco, for example, is recommending to shareholders that they vote at the annual meeting next month for the scandal-ridden firm to remain incorporated in low-tax Bermuda. But some investors and bankers are now focusing on the issue as a result of the recent scandals. While many big investors have been relaxed about companies using offshore holdings to reduce their tax burdens, overuse of havens can raise...
Also that month, when Cardinal Bernard F. Law ’53 resigned amidst a sexual abuse scandal, The Boston Globe reported that Hehir—a vocal critic of the Church’s handling of the scandal—was a “longshot” candidate for the archbishop post...
...Whatever the case, the corruption scandal that led to Zhu's downfall still creeps along. In October, police detained Heilongjiang's former Party chief, Tian Fengshan, accusing him of corruption dating to the bomb-shelter scandal. It seemed likely that prosecutors would review Zhu's testimony. Not long after, claims Fan, two retired judicial officials visited Zhu in prison and "warned him not to 'make things messy,'" (A warden declined to comment on the visit.) After that, Zhu became afraid, advising his daughter in Japan against visiting home and warning his sister to watch her son carefully. When authorities unexpectedly...
...accusation on the Internet. Censors immediately removed it, but others soon offered their own commentary. "Looks like political murder," reads a typical posting on the People's Daily website. Chinese have seen this type of intrigue before. A Beijing vice mayor, Wang Baosen, committed suicide during a 1995 scandal that brought down a Politburo member and might have gone higher if Wang had lived. Likewise, Zhu's case will remain forever murky. To his widow, however, there is no doubt that he died at somebody else's hands. "My rage," says Fan, "is etched in my bones...