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Another big draw is Switzerland's tradition of discretion. Its strict banking privacy laws are a bonus for foreigners who don't want anyone peeking at their accounts. But the European Union, worried about what it sees as rampant tax evasion, is pushing for more transparency in Europe's banking systems. The E.U. Savings Taxation Directive, which came into effect in 2005, demands that member states and their dependencies either automatically exchange information on the accounts kept in their banks by E.U. residents or start imposing a 15% withholding tax on any foreign-sourced interest paid into those accounts. Most...

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

...alcohol policy is from their fellow students. Harvard is implementing a new set of rules regarding private and public parties, which mandate that students register large events three weeks in advance and that Beverage Authorization Teams be present at those parties that serve alcohol. They also impose strict regulations on advertising of alcoholic events. These policies are part of a “working draft” that was presented to the Committee on House Life last Thursday, and they will be included in the Student Handbook only if the Faculty Council approves it. However, the policies, which have...

Author: By The Crimson Staff | Title: Alcohol Obscurity | 2/5/2008 | See Source »

...than 20 years, has given up. "There's really nothing that can be done," he says. "The only hope is that someday our product is cheap enough that it's not affordable to counterfeit." Lucasfilm, on the other hand, chose to operate in Singapore because of the country's strict copyright laws and advanced legal system. "We feel comfortable that the infrastructure is in place to protect individual IP," says Kubsch...

Author: /time Magazine | Title: Fantasy League | 1/31/2008 | See Source »

...steadily expanding them. Outside the secure zones, they aim to disrupt the enemy with regular attacks and win people's trust with aid projects. The Taliban are reading from the same playbook, even installing governors and Sharia judges in areas they control. But while the ISAF operates under strict rules of engagement, the Taliban visit savage retribution on anyone they suspect of collaborating with the ISAF or Afghan government forces. Thousands of families face an impossible choice: cooperate with the Taliban and risk being targeted by the ISAF - or cooperate with the government and risk torture or death from...

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

...From the beginning, Zhou knew he risked running up against the authorities, who aim to exercise as strict a control over China's rapidly expanding virtual universe as they do over their citizens' everyday lives in the real world. (Any day soon, China will surpass the U.S. as the nation with the largest number of people online.) But because so much of the Internet is ungovernable, it is the freest public space in the country, a place where individuals like Zhou constantly push the limits of permissible activity...

Author: /time Magazine | Title: Spinning a Web | 1/24/2008 | See Source »

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