Word: taxed
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...that adds up, according to the latest rankings from the World Economic Forum (WEF), to the third most competitive economy on the planet. But while economic competitiveness has often been sold as something that requires long hours, low taxes and minimal government--a litany often heard in the U.S.--Denmark doesn't fit that bill at all. Denmark has the second highest tax burden in the capitalist world (after Sweden, which is just behind it in the competitiveness rankings), a generous welfare state, a heavily unionized workforce and at least five paid weeks off every year...
...perhaps some of Denmark's success has to be chalked up to, well, Danishness. And there's no guarantee that it will continue. Business leaders say they face worsening labor shortages and can't attract skilled foreigners to a country that has such high taxes (not to mention dreary weather and an incomprehensible language). But the fact that Denmark has combined a dynamic economy with a tax burden almost double that of the U.S. gives the lie to many economic arguments made over the past quarter-century. There's more than one way, it turns out, to be competitive...
Among Grassley's questions to Dollar was one about a gift of $500,000 to Copeland. Dollar told TIME that he made a gift but said the sum was not that high. He and the Copelands claim to be tax-compliant. Hinn and Long did not respond by press time. White's ministry says to the best of its knowledge it complies with all tax codes. Meyer posted a 2007 IRS letter confirming tax-exempt status...
...Grassley play the role of Martin Luther? Some see Grassley's acts as a religious vendetta, launched by a white-bread Evangelical who doesn't get the group's view of rich pastors as a sign of divine grace. Grassley has hinted that his purpose may be to revamp tax laws to keep up with rapacious preachers. Remarks Charles Haynes, senior scholar with the First Amendment Center: "I'm worried that [the six] might be used to push for stringent transparency regulations that would affect all religious groups. They are extreme, and extreme cases can lead...
...original version of this article referred mistakenly to a 2006 letter from the IRS confirming the Joyce Meyer Ministry's tax-exempt status. While the IRS reviewed the ministry's activities from 2004 to 2006, it sent its letter of confirmation in October...