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...Tax-Dodging Dynamos Your article about the looming economic crisis and widespread corruption in the Philippines hardly scratched the surface [Aug. 23]. With decentralization introduced in 1992, little fiefdoms?that is, local governments?were granted exclusive taxing powers, such as collecting fees for local licenses, limited franchise and business imposts and real-property taxes. In the case of property taxes, local government officials can make a killing by simply not collecting in exchange for payoffs. As your report noted, "At least 30% of the Philippines' potential tax take is lost to cheats and government corruption each year." And the corporations...

Author: /time Magazine | Title: Letters | 9/13/2004 | See Source »

...fabulous Grand Hotel du Palais in Biarritz. You'll find everything from hot-stone treatments to Vichy showers on the menu?but if that all seems a bit bracing, repair to the poolside Grill, where designer barbecue and long tall drinks await. Rooms from about $330 a night, plus tax...

Author: /time Magazine | Title: Reaching Your Plateau | 9/13/2004 | See Source »

Thus it may come as a bit of a surprise (or not at all) that when Bush rolled out the new central plank in his platform at the Republican National Convention this month—a revamping of the entire federal tax code—he didn’t bother to fill anyone in on the details. It’s too messy. Too inefficient. There are too many corporate loopholes. All true. Trouble is: what does he intend to do about it? Trust us, he said. Re-elect us, and we’ll take care...

Author: By Benjamin J. Toff, | Title: A Tax Proposal Destined to Fall Flat | 9/13/2004 | See Source »

Thanks, but no thanks, Mr. President. After four years of acting like lap dogs for corporate America, ramming through tax cuts for the wealthiest Americans, pushing for an end to capital gains taxes, and burning through a record surplus, I think we know what to expect when we trust the Bush government to take care of things...

Author: By Benjamin J. Toff, | Title: A Tax Proposal Destined to Fall Flat | 9/13/2004 | See Source »

...ahead of ourselves. Let’s examine the few scraps of information that Bush has been kind enough to share about his plans. In his acceptance speech, Bush reflected on his desire to bring about “a simpler, fairer, pro-growth” tax system. And he promises to do it a “bipartisan” manner—appointing a panel of experts and economists who will advise his Treasury Secretary about bold new options for revamping the code in a revenue-neutral way (remember, after all, there is that pesky deficit...

Author: By Benjamin J. Toff, | Title: A Tax Proposal Destined to Fall Flat | 9/13/2004 | See Source »

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