Word: taxed
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...MIDDLE EAST $600 million Amount of withheld Palestinian tax revenue Israel agreed to release in support of Palestinian President Mahmoud Abbas, whose Fatah party lost control of the Gaza Strip to the Islamic militant group Hamas $800 Average yearly per capita income in the Gaza Strip, compared with $20,000 in Israel...
...most important piece of our identity that is being destroyed is, unlike the Star Ferry terminal or Queen's Pier, something you can't see. That's Hong Kong's independent, entrepreneurial spirit. For years we have succeeded because of a low-tax, small-government system that fostered a dynamic economy. The free market provided opportunities for Hong Kong people to use their creativity to get ahead. Since 2003, when China allowed growing numbers of mainland tourists to visit here and goose us out of our post-SARS stagnation, we have grown increasingly dependent on handouts from the mainland...
Coincidence? Naah. The astounding riches made public for the first time when Blackstone filed for its stock offering are a big reason this is shaping up to be a hot summer for private equity. Key members of the Senate Finance Committee have also proposed tax hikes, hearings are planned on both sides of Capitol Hill, and private-equity firms are gearing up for a lobbying fight...
...take a step back and look at the end result, you sort of say, This can't be right," argues Victor Fleischer, a law professor at the University of Illinois. Fleischer explained this conclusion in a paper that he began circulating last year. Since then, his brief for taxing carried interest as ordinary income--what the proposed House bill would do--has won over tax wonks and piqued congressional interest. "It seems like a reasonable argument," says Alan Auerbach, a University of California, Berkeley, economist and tax expert. "I don't think there are many people in the tax-policy...
Olmert made two announcements to demonstrate his good intentions. He said that Israel would begin releasing a good portion of the $700 million in withheld tax revenues that Palestinians say Israel owes the Palestinian Authority. He also said he'd seek cabinet approval for the release of 250 Palestinian prisoners who don't have Jewish blood on their hands. In his public statement at the summit, Olmert said he saw "a chance for peace" and does not intend "to let this opportunity pass us by." A senior Arab diplomat interprets Olmert's remarks as meaning the Israeli leader "realizes there...