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...previous life as a nightclub owner, Dimitris went through this routine frequently. He estimates he paid about a fifth of his revenue in bribes - to tax collectors, health inspectors, police and other officials. Small firms "are essentially obligated to conduct business this way," he says. "There are so many legal barriers to conducting businesses that they'll shut you down otherwise." (See pictures of retailers which have gone out of business...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...evasion reduces state revenue. But to different degrees, says Tito Boeri, a professor of economics at Bocconi University in Milan, it is also a root cause of broader problems with competitiveness. "I think the serious problem this tax evasion poses is that it concentrates tax pressures on a small segment of the workforce," he says. "That is an obstacle and an impediment to growth." (See the worst business deals...

Author: /time Magazine | Title: Taxing Times in Greece | 2/15/2010 | See Source »

...That's a question that applied to Khan too, but no longer. He has blurred the once sharp line dividing India's truly gifted actors from its movie stars. He is the one who can do it all: big-budget Bollywood films as well as small independent films in the U.S., Europe and India. Khan's specialty is adding a layer of unexpected depth and tenderness to an otherwise opaque character - the interrogator in Oscar winner Slumdog Millionaire, a Pakistani police captain in A Mighty Heart, the remote immigrant father in The Namesake. Danny Boyle, the British director of Slumdog...

Author: /time Magazine | Title: Keeping It Real | 2/15/2010 | See Source »

...careers as character actors, but their potential as dramatic leading men was never really fulfilled, in Hollywood or Bollywood. "I feel very sad about it," Khan says. But he seems to have escaped that fate. "Everybody here calls me about him," Nair says from New York. Khan had a small part in Wes Anderson's The Darjeeling Limited and appears as Natalie Portman's love interest in New York, I Love You in a segment directed by Nair. And he may star opposite Cate Blanchett in a planned film about the relationship between Nehru and Edwina Mountbatten, wife of India...

Author: /time Magazine | Title: Keeping It Real | 2/15/2010 | See Source »

...Indian film industry radically changed. Studios in Bollywood, as in Hollywood, discovered alternatives to the high-risk, high-reward blockbuster. India's new malls featured smaller, luxurious multiplexes to appeal to the urban middle classes, a far cry from the bare-bones cinema halls and marquees of small towns and villages. "You went from 1,000 seats to 100 seats, where it was easier to show films that did not require 1,000 people to break even," says Gupta. Studios could make healthy profits with smaller budgets, giving directors the freedom to do more inventive stories, without huge stars...

Author: /time Magazine | Title: Keeping It Real | 2/15/2010 | See Source »

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