Word: swiss
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...that are an integral part of a skiing holiday. Not to mention the miles in the SUV to get everyone there. Ski resorts by their very nature have a pretty big carbon footprint. They are also an industry that takes a direct hit from global warming. According to the Swiss Federal Institute for Snow and Avalanche Research, based in Davos, rising temperatures are leading to changes in snowfall patterns: Alpine areas below 1,600 m (5,250 ft.) now receive 20% less snow than in previous decades. On the slopes in the U.S. and Europe, the season is shorter...
...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 measure, there's the added thrill of being able...
...start imposing a 15% withholding tax on any foreign-sourced interest paid into those accounts. Most member states agreed to share information, but a few hold-outs chose the levy instead. Switzerland, which isn't in the E.U. but is covered by the directive, was one of them. Now, Swiss secrecy comes at a price...
...Switzerland collected an extra $492 million in withholding tax from the bank accounts of E.U. residents. And as the rate goes up to 35% by 2011 in compliance with the E.U. directive, foreigners will find the Swiss tax man reaching deeper into their pockets. But for every tax haven that loses its seductive charms, there's another working hard to woo the rich. Dubai, which has been dubbed the Switzerland of the gulf, has spent billions creating zones where foreigners can set up and invest in companies free from corporate tax. And other gulf states like Qatar and Oman...
Still, the statement raises the intriguing question of whether an HIV-positive person being treated successfully with ARVs can ever consider himself non-infectious. Johnston points out that if the assumption behind the Swiss statement is true, then it bodes well for efforts to control the epidemic worldwide. "We are now at the point where there are a couple million people in the developing world on ARVs, and we might at least be getting to the point where we can wonder if treating these people is actually going to reduce the spread of HIV as these people become somewhat less...