Word: taxed
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...refine his political philosophy but also to explain it in a way voters might accept and with luck even admire. Throw the Latte Liberal label at him, and Kerry will counter with his support for faith-based programs and welfare reform and the fact that he proposed a dividend tax cut long before Bush did. "They're going to have a hard time pinning that to me," Kerry once told TIME. "They're not going to find it is easy making me something I'm not." And besides, he said, as he invariably does when someone suggests the war hero...
...Tax havens] don?t want to commit commercial suicide by moving ahead of international standards...
...RICHARD HAY, tax havens lawyer
...attempt to revive talks about increasing cooperation and transparency. Italian Economy Minister Giulio Tremonti challenged his G-7 partners over the weekend to follow suit on his country's draft plan to crack down on tax havens. At a meeting of G-7 Finance Ministers in Florida, Tremonti unveiled details of the proposal - part of a broader regulatory reform to respond to the Parmalat scandal - that requires Italian companies to be far more transparent about offshore holdings, including the way they are accounted for (or not) on the books. In the U.S., John Kerry, the front runner in the race...
...Even those efforts have stalled. One reason is that some havens now feel they are being discriminated against; while they have started to clean up their acts, they argue, places like Switzerland and Delaware have not. "The tables have turned," says Ian Kelly, the Isle of Man's income-tax assessor. "The problem for us is that we see larger jurisdictions doing the very things we are attacked for, and nobody brings them to account." If the Isle of Man did the sort of marketing that some in Delaware do, he tells Time, "it would make headlines in the newspapers...