Word: taxed
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...doctors before allowing them access, and there's legislation afoot to require all dispensaries to be run as nonprofits. As of Feb. 8, Denver requires dispensary owners to undergo background checks, submit security plans and spend $5,000 in licensing and fees. Denver's 484 dispensaries already charge sales tax, which means that - financially, anyway - the city isn't hurting from their presence. In at least one way, they're even driving business: a dispensary security guard - an off-duty cop whose wife uses marijuana to alleviate symptoms of fibromyalgia and who declined to give his name - says...
Most Greeks agree that the tax system and the bloated public sector, dubbed "the country's sickest patient," are at the root of the problems. In a country of 11 million people, nearly 850,000 workers are employed by the state--the country's biggest companies are state-run or -managed. They get generous perks, like 14 paychecks a year instead of 12. Many enjoy a workday that runs from 7:30 a.m. to 2:30 p.m. "The state has an irrational control of the economy," says Yannis Stournaras, director of research for the Foundation for Economic & Industrial Research...
...government expects to close the $75 billion fiscal gap by cutting operating expenses 10%, freezing wages and halting new hires. The plan calls for the creation of a new independent statistical service, which should make it harder for officials to manipulate data. It also includes an improved tax-collection system designed to catch tax cheats, who have created an underground economy worth possibly as much as 25% of the country's output. The method proposed: incentives that encourage Greeks, who for decades have paid for services in cash, to ask for receipts, to pressure service providers to report the income...
...Tax hikes are in the cards too: a 20% tax on alcohol and tobacco has already been approved by Parliament, a fuel tax is likely to follow, and other taxes are rumored. This worries executives like Doros Constantinou, the CEO of Coca-Cola Hellenic, which sells soft drinks in 28 countries. "An increase in taxes will have an impact on disposable income," he says. "That's not a good thing." While he feels his company has already reduced operating costs and won't be affected too much by Greece's crisis, he admits, "We can't be immune. After...
Kaliningrad's transport tax, for instance, has been called off for this year, and Russia can afford it: the state is still reaping massive profits from its sales of oil and gas. The broader economy is also recovering, and even though Putin's initial reaction to the protests showed some signs of dismay, Mitrokhin is far from certain that the government is afraid. "It amazes me," he says. "People are screaming for him to get out, but there is no sense that he is trying to reform or justify himself. He feels his own strength. If needed, he knows...