Word: taxed
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...satellite transmitters that will allow a central control room to track locations and cargo-a far cry from the bullock carts and rusty trucks that currently link producers and customers. Still, even the fanciest trucks must slow for bureaucracy. The country's 35 states and territories run separate tax and duty systems. To get from Bangalore to Hyderabad, about 550 km away, for example, the driving time is about 16 hours, but stops at border and tax-inspection checkpoints add two to three hours to the trip...
...issue of foreign chains investing in India-even as the benefits of the revolution become apparent to ordinary consumers. Reliance says it has cut spoilage and wastage in places like Bangalore to less than 5%. The federal government is contemplating the introduction of a single nationwide sales tax that would replace state taxes complicating distribution. It is also now talking about building its own massive cold-storage facilities outside major cities such as New Delhi to spur the transition to a more efficient supply chain. While middlemen may be feeling the pinch, farmers selling to Reliance say they're happy...
That pattern has repeated itself throughout Eastern Europe. As the Soviet Union melted away, newly unfettered countries were primed and hungry for economic growth. Back in 1994, for example, Estonia became one of the world's first regimes with a flat tax on corporate and personal income. These young democracies also benefited from advantages shared by the region as a whole, including enviable political stability, social cohesion and a sound regulatory environment. Equally key, they boasted high levels of education and innovation, giving rise to outfits like the Internet telephone company Skype, which was founded by a Dane...
...much as $2,500 a year. The plan, which the Illinois Senator vowed to implement by the end of his first term in the White House, would cost the government an additional $50-$65 billion a year, which Obama said he would pay for by allowing President Bush's tax cuts for those making over $250,000 a year to expire...
...result is not just the oil lobbyist caught editing science out of climate reports, or the energy lobbyist convicted in the Abramoff scandal. It's the scandal-free corporate welfare, tax breaks and other Big Government goodies for industry. Baroody is a family man, a policy wonk whose father founded a think tank. But he's been working the Washington henhouse since 1970, and he has fought to shield manufacturers from claims and fines. Giving a NAM lobbyist power over consumer safety would have been like giving a child power over bedtime. It's only a problem if you expect...