Word: taxed
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...reassertion of the Kremlin's invisible hand in guiding the economy. The clout of the siloviki, President Vladimir Putin's coterie of security and military associates who retain a Soviet-style attachment to state economic control, was downplayed. Yukos, it was thought, would be allowed to pay its tax bills by handing over its 35% share in another oil company, Sibneft. Putin himself encouraged such optimism, saying in mid-June that the state had no interest in bankrupting Yukos. But in late June, Yukos officials and diplomats say, Putin went silent and the government attitude inexplicably changed. A court decision...
...Putin-Khodorkovsky conflict goes way beyond taxes. Yukos did indeed pay tax well below the statutory rate of 24%, notes Paul Collison, an oil analyst with Brunswick UBS brokers, just like many Western oil companies do in other parts of the world. The practice is not necessarily illegal, and many of the tax-reduction schemes used by Russian oil companies were devised by the same specialists who work for major Western corporations. Other Russian oil firms, like Sibneft, paid even lower rates without incurring the Kremlin's wrath. The root of the crisis lies in personal rivalry. Early in Putin...
Most Germans would probably welcome lower taxes. But Gerhard Schröder is preaching against it. For months now, the Chancellor has taken every opportunity to admonish his new E.U. neighbors to the east for their low tax rates. In Schröder's eyes, they are freeloaders, taking E.U. aid to build up their economies while stealing business from nations like his. "It is certainly unreasonable that we finance an unbridled tax competition among each other via the budget of the European Union," he said in Poland on May 26. Germany is expected to press its case again...
Roadblocks for the SUV? SUVs aren't cheap to begin with, but they may soon be getting a lot more expensive in France. Environment Minister Serge Lepeltier is pushing a new green-tinged plan this month that, beginning next year, would tax automobiles according to their size and the amount of their noxious emissions. Under the scheme, the biggest 4x4 would be subject to a surcharge as high as €3,500, while purchasers of small, clean cars would receive a rebate. The plan is controversial in the French government and still needs final approval. But it reflects growing official...
...pretty - they don't make powerful off-road vehicles, and so may actually gain market share from Toyota, VW and others if the tax scheme goes ahead. Viagra's Chinese Blues In Beijing's "adult health centers", vying with ticklers, oils and fake genitalia, knockoff Viagra pills are a bestseller that have all but replaced the traditional cure for impotence - tiger penis. The struggle by Pfizer, Viagra's creator, to sell the real thing got even tougher last week when China's patent office overturned the drug's patent there, potentially handing the market to locally made generics. The decision...