Word: taxed
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...increasing pressure from party members who are questioning the benefits of the country's integration into the global economy. During the annual National People's Congress, which ended last week, former National Bureau of Statistics director Li Deshui was scathingly critical of government policies that give foreign firms preferential tax treatment in return for investment, and warned against allowing foreign companies to make "malicious acquisitions" until "China's national industries disappear." The China Daily newspaper?the English-language mouthpiece of the Party?later picked up the theme, warning that foreign companies could gain monopolies in China, noting that Microsoft controlled...
...armoire in walnut, with a veneer of disgrace? The IRS may have a deal for you. It's auctioning off the cabinet and nearly 40 other antiques this week--all part of $2.4 million in bribes taken by ex-Congressman Randy (Duke) Cunningham--with proceeds going toward his unpaid tax bills. Here's a peek at other items, once owned by big-name debtors, that the government seized to put on the block...
...DIFFERENT SONG Pop-soul singer Peabo Bryson found himself in a whole new world of tax debt before the IRS auctioned off his two Grammys in 2003. They went for $25,000, paying off a sliver of the $1.2 million he owed...
...Journal points out, is fast catching up with the number containing the word gun. Surgeon General Richard Carmona says obesity is a greater threat than terrorism. Some public-health advocates have begun urging the government to put a warning label on soft drinks; others are calling for a "fat tax" on fast food...
...University of Michigan: "The toll in terms of slowdown is extremely large--amazingly so." Meyer frequently tests Gen M students in his lab, and he sees no exception for them, despite their "mystique" as master multitaskers. "The bottom line is that you can't simultaneously be thinking about your tax return and reading an essay, just as you can't talk to yourself about two things at once," he says. "If a teenager is trying to have a conversation on an e-mail chat line while doing algebra, she'll suffer a decrease in efficiency, compared to if she just...