Word: taxed
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Dates: during 2000-2009
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...Prime Minister's success in defusing the unemployment issue is doubly impressive because the economic experiment called Thatcherism is, by her reckoning, only halfway completed. Upon coming to power in 1979, she reduced income taxes (the top rate fell from 83% to 60%), raised the value-added tax (a levy on goods and services) 8% to 15% and sharply cut public spending. Thatcher's top priority was righting inflation. That was a reversal of traditional British postwar economic policy, which held full employment as the primary objective. To curb price rises, she cut public spending at a time when rising...
...began last week with the arrest of a leading German executive on suspicion of tax evasion. Now Germany is enthralled by a tale of unbridled greed that offers as much drama as any Hollywood thriller could - but with possibly far greater political consequences. Prosecutors have said that further probes are under way into the tax affairs of hundreds of individuals suspected of funneling millions of euros into anonymous bank accounts in Liechtenstein under the radar of German tax authorities. The targets are thought to include some of Germany's wealthiest and most prominent citizens...
...began almost by accident. During an investigation into organized crime, agents of Germany's Federal Intelligence Service, the BND, became acquainted with an employee of a bank in Liechtenstein, a tiny principality between Austria and Switzerland with very secretive banking laws. The agents turned their contact over to German tax authorities. With the approval of the German government, tax investigators paid the contact more than $7 million (5 million euros) and provided him with a new identity in exchange for a CD detailing the Liechtenstein bank accounts of hundreds of German citizens...
...Monday, more than three dozen prosecuting attorneys and several hundred police swarmed out to search offices and private homes of other suspected tax evaders in Frankfurt, Munich, Stuttgart, Ulm and Hamburg. And prosecutors said their work was just beginning...
...tone was even harsher from Merkel's aides and leaders of the other political parties, many of whom called for stiff jail sentences for those convicted of tax evasion. "It would be unbearable if, in the end, deals were made instead of putting people on trial," said Kurt Beck, chairman of the Social Democrats, junior partner in the federal government coalition...