Word: taxed
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...second-semester unit on fiscal policy includes seven workbook readings analyzing whether the benefits of tax cuts as a stimulus to the economy outweigh the drawbacks of the budget deficits that tax cuts cause. Of the seven articles, three are by Feldstein and only one argues directly against tax cuts...
Another source of income will be the endowment itself. In 2001, Harvard’s central administration instituted an annual one-half of 1 percent tax on the endowment to help fund the expansion; the 25-year tax is expected to yield at least $3 billion. But Berman said that decapitalizing the endowment—removing capital from the University’s long-term holdings—is not currently being discussed as a funding source for Allston development...
...CONVICTED. MIKHAIL KHODORKOVSKY, 41, former chief of Russian oil giant Yukos, who became the country's wealthiest oligarch as state industries were privatized after the collapse of the Soviet Union; on charges including tax evasion and fraud; in Moscow. The conviction ended a long trial that critics claimed was part of a politically motivated campaign by the Kremlin to deter the billionaire from financing opposition to Vladimir Putin and discourage independent business. Khodorkovsky, whose now-dwindled fortune was once estimated at $15 billion, was sentenced to nine years in prison, which will remove him from the scene well past Russia...
...Phnom Penh, leaving dozens injured and eight people killed. Chhun, who has called Hun Sen's regime a puppet of Communist Vietnam, claimed at the time that the attack was a coup attempt and vowed to strike again. He and his wife also face fraud charges relating to their tax-preparation business...
Whatever the future of the electric car and bioethanol, the notion that America must end its oil habit is gaining currency in Washington. George W. Bush, the former Texan oilman, has begun talking up corn ethanol and clean diesel and has endorsed a $4,000 tax credit for purchases of hybrid cars. That has not gone unnoticed by energy's new coalition of convenience, even if the President hasn't yet mentioned plug-in hybrids or bioethanol. "We drive to high-tech jobs today in cars built with 100-year-old technology, using 100 million-year-old fuel," says Podesta...