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Inheritance tax used to make the news only when it forced once super-rich dynasties to flog their heirlooms after the head of the family died. But suddenly, death is getting expensive for a much larger number of Europeans, and that's starting to attract the attention of politicians and headline writers across the Continent. Furious discussions about whether to limit, amend or suppress inheritance taxes broke out last week in both Britain and France. In Italy, meanwhile, there's controversy and skepticism about plans by the new government[an error occurred while processing this directive] of Romano Prodi...

Author: /time Magazine | Title: Death's Other Sting | 8/27/2006 | See Source »

Private hospitals, which make their money treating people who come to them sick, don't profit from heavy investments in preventive care, which keeps patients healthy. But the VA, which is funded by tax dollars, "has its patients for life," notes Kizer, who served in his post until 1999. So to keep government spending down, "it makes economic sense to keep them healthy and out of the hospital." Kizer eliminated more than half the system's 52,000 hospital beds and plowed the money saved into opening 300 new community clinics so vets could have easier access to family-practice...

Author: /time Magazine | Title: How Veterans' Hospitals Became the Best in Health Care | 8/27/2006 | See Source »

...immigration" said the mayor, who last month pushed through the city council what may be the most restrictive immigration-related local ordinance in the country. "It was draining the resources, the limited resources, to the point where I can no longer provide the public service that the legal, hardworking, tax-paying citizens should be getting... I certainly can't tell these people here that the federal government is working on it. They're expecting me to do something - I'm going to stand up and defend them...

Author: /time Magazine | Title: When The Melting Pot Boils Over | 8/23/2006 | See Source »

...abets illegal aliens... through any agent, ruse, guise device or means, however indirect." "We believe it is too difficult to expect business owners to start checking IDs before they sell a soda" said Espinal, who moved to Hazleton in 2001 and is now a real estate agent and tax preparer and a plaintiff in the lawsuit. The Dominican immigrant, who has lived in the U.S. since 1988, says he doesn't feel personally targeted by the ordinance, but it is clear that the requirement would fall more directly on Hispanics. "If you look a certain way, you're going...

Author: /time Magazine | Title: When The Melting Pot Boils Over | 8/23/2006 | See Source »

...HNWIs were worth a total of $7.6 trillion, according to Merrill Lynch and Capgemini. That large number belies popular misconceptions about the private-banking industry. To the uninitiated, private banking is an exclusive little world of secret Swiss bank accounts and starchy "wealth advisers" plotting corporate takeovers and tax dodges with their superwealthy clients over lobster and Ch?teau Margaux. While the banks do offer many perks, it is no longer such a rarefied niche market. For many financial institutions, private banking is increasingly crucial to the bottom line. For example, 46% of Credit Suisse's pretax banking profit...

Author: /time Magazine | Title: Bespoke Banking | 8/21/2006 | See Source »

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