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...anyone," argues Gerald Padmore, a Denver-based lawyer originally from Liberia who negotiated for Firestone in both deals. Padmore concedes that it would have been better to wait until a new government was elected before concluding the 2005 contract but says getting "clarity and stability" about Firestone's tax position was urgent if the company was expected to commit $100 million over 10 years...

Author: /time Magazine | Title: Stretching a Contract | 8/3/2009 | See Source »

Some swappers use a padlock to keep their jewelry and tax returns safely out of sight. But Ed Kushins, founder of HomeExchange.com said that in 17 years in the business, he has never received a report of theft or malicious damage. If there are issues such as wine stains and other mishaps, they are handled privately, though he has been asked to intervene about the occasional scratched car, for example...

Author: /time Magazine | Title: Home Exchange: Trading (Vacation) Places | 8/3/2009 | See Source »

...public spaces but in recent years have been decimated by legislatures redirecting much needed cash to fill other lines in their budgets. Of the seven state-park systems that are not tethered to general funds, Oregon finances its parks with money from the state lottery. Maryland uses a 0.5% tax on all real estate transactions to fund its parks. Similar initiatives exist in Missouri, which dedicates a small fraction of the sales tax to parks, and Texas, which applies an extra tax to sporting goods and recreational equipment...

Author: /time Magazine | Title: State Parks Look for Ways of Surviving the Budget Ax | 8/3/2009 | See Source »

...complex and cumbersome for those who do. "I have some great industry relations, and I don't know anybody that has applied for it and taken advantage of it," he says. In fact, most of the smaller dealerships who actually qualify would probably need to hire a tax person to do the necessary paperwork anyway, he says. (Read "In China's Lending Boom, Small Businesses Go Begging...

Author: /time Magazine | Title: Federal Help for Boat Dealers: All at Sea | 8/1/2009 | See Source »

...stimulus bill, which passed just weeks after Obama took office, the President and his advisers deferred significantly to Congress to both shape and size the bill. In the end, the legislation was trimmed to $787 billion, with about $70 billion going to a temporary fix of the Alternative Minimum Tax, an annual adjustment with little stimulative impact...

Author: /time Magazine | Title: Obama's Legislative Approach: Pragmatism | 7/31/2009 | See Source »

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