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...Friday night, the Prime Minister met with university rectors, many of whom have urged him to retract the law. Villepin signaled little willingness to do so, but there were signs that the government may be ready to beef up job protection in other ways, possibly by increasing the tax burden on employers who purposely use short-term contracts for revolving-door workers, and stiffening the laws regulating the use of internships. Yet withdrawing the law is no easy matter: the only legislative course would be a humiliating request to Villepin's own party to approve new legislation trumping...

Author: /time Magazine | Title: Advance and Retreat | 3/19/2006 | See Source »

...Bloc. "At stake is whether Ukraine has passed the point of no return to its so recent authoritarian past." The orange government came to power promising fundamental change that would make such a return impossible. And to an extent it has delivered: for business, less red tape and tax; for the wider community, better wages and pensions, free speech and fair elections. "Profound democratic changes have occurred both in the structures of the state and in people's minds," says Vasily Doroshchuk, head of Caravan Records, one of the country's leading record labels. But these achievements have been undermined...

Author: /time Magazine | Title: Blue Days in Ukraine | 3/19/2006 | See Source »

...Shrek, animation now encompasses the content for mighty subindustries, including games, cartoons for television and cable, live-action special-effects films, commercials and - the latest frontier - mobile phones. Asian countries have distinct advantages in the business, in addition to relatively cheap labor. Many governments offer special tax provisions and investment incentives to attract Western studios. In South Korea, animation studios have enjoyed low-interest loans, tax breaks and infrastructure support since 1994, when the government changed animation's status from a service industry to a manufacturing one. Indian studios specializing in outsourced digital content are treated to the same tax...

Author: /time Magazine | Title: Local Heroes | 3/19/2006 | See Source »

...silent third party to this feud—should not be overlooked. Nevertheless, I write to point out a course of action the piece’s authors overlooked—one that would allow the state to avoid this dilemma altogether. Massachusetts could amend its tax laws to revoke the favored tax status of private organizations incorporated under state law that discriminate based on sexual orientation. The federal tax code already provides for the revocation of favored tax treatment of otherwise tax-exempt private schools that practice racial discrimination, even for religious reasons. The Supreme Court, in Bob Jones...

Author: By Jonah M. Knobler, | Title: Mass. Should Revoke Church’s Tax-Exempt Status | 3/17/2006 | See Source »

...American model, but it cannot be sustained as it stands. Therefore, despite the popular backlashes, reforms must advance. The young and unemployed in France make up more than 20% of the population ,and small businesses are not willing to deal with the extra costs of huge marginal tax rates, compensation, and other labor costs. The bill might be incompatible with post-World War II standards, but just like Germany and Italy, France has to adapt in order to save its precious safety net. If reforms do not pass, the whole European project is at stake. This is about adaptation...

Author: By Pierpaolo Barbieri, | Title: The Days of Wine and Roses | 3/16/2006 | See Source »

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