Word: taxed
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...Business spending increased 11.1%, the second straight quarterly rise for a sector that's critical to any sustainable turnaround. Corporate profits for firms in the S& P 500 are expected to be up 20%, on average, from a year ago. And consumers continue to anchor the economy. The summer tax cuts pumped $13.7 billion into their wallets, igniting a 6.6% rise in spending. "Consumers spent aggressively on everything from cars to homes," says economist Mark Zandi of Economy.com...
...when Khodorkovsky was arrested last week on tax evasion and other charges, following months of intimidation, alarm bells went off in Russia and around the world. Prosecutors froze a 44% stake in Yukos, the world's fourth largest oil company and the source of Khodorkovsky's wealth, estimated last year at $8 billion. Khodorkovsky denies any wrongdoing, and his lawyers say the charges are purely political...
...INDICATORS Import This! The E.U. threatened to impose trade sanctions worth up to $4 billion on the U.S., unless it lifts export tax breaks by March. This follows an E.U. ultimatum for another $2.2 billion in sanctions if the U.S. fails to remove unlawful tariffs on steel imports...
...termbenefits are even more significant. The money sacrificed today to begin educating students during this critical age, setting them on a path toward their greatest potential, will yield enduring returns in the form of the higher economic productivity from a more highly educated workforce. Eliminating Romney’s tax cuts would raise state annual revenues by several hundred million dollars a year, providing more than enough money to pay for the plan...
Massachusetts has much to gain by providing full-day kindergarten to students in under-performing districts and little to lose aside from copious tax cuts it cannot afford. Governor Romney deserves support in his initiative, but it is critical that he pursue parent involvement through the channels of motivation, not compulsion. Romney already recognizes that a good education necessitates extra attention at home and extra attention at school; he should eliminate from his plan the barriers to both...