Word: taxed
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That may seem like a hefty chunk of change for a holiday home, until you consider that it also buys you one of the greatest luxuries of all: a tax break. In its bid to become an international financial center, Mauritius secured double taxation-avoidance treaties with 33 countries, and 14 more are pending. Since villa ownership grants Mauritian residency, even if you live and earn in, say, Britain or France or India or China (almost anywhere, in fact, except Japan and the U.S.), you can legally pay income tax in Mauritius - at 15%. So anyone who buys a villa...
...years old, and my husband is 80. We have an annual income considerably less than $50,000. We no longer have children to raise or educate, our medical insurance is adequate, and we take advantage of the elderly tax credit. Obama has proposed eliminating income taxes for senior citizens at our income level, but why should we not be expected to pay our fair share of federal taxes? I surely hope that he does not believe our votes are for sale. Patricia Gershon, LAVERNE, CALIF...
...years old, and my husband is 80. We have an annual income considerably less than $50,000. We no longer have children to raise or educate, our medical insurance is adequate, and we take advantage of the elderly tax credit. Obama has proposed eliminating income taxes for senior citizens at our income level, but why should we not be expected to pay our fair share of federal taxes? I surely hope that he does not believe our votes are for sale. Patricia Gershon, Laverne, Calif...
...years old, and my husband is 80. We have an annual income considerably less than $50,000. We no longer have children to raise or educate, our medical insurance is adequate, and we do take advantage of the elderly tax credit. Obama has proposed eliminating income taxes for senior citizens at our income level. I surely hope that he does not believe our votes are for sale. Patricia Gershon, LAVERNE, CALIF...
...delegation's refusal to embrace aggressive targets, claiming they were premature, New York Mayor Michael Bloomberg was in a nearby hotel arguing the opposite. "People everywhere recognize the time for discussion about whether global warming exists has passed," said Bloomberg, who has called for the implementation of a carbon tax. "Now it's time for action...