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CHARGED. MIKHAIL KHODORKOVSKY, 40, chief of the Russian oil giant Yukos and the wealthiest of the country's "oligarchs," who made quick fortunes after the Soviet Union's collapse by acquiring cheap state property; with fraud and tax evasion; by prosecutors in Moscow, after special forces surrounded his plane at an airport in Siberia. The dramatic move, part of an ongoing probe into Yukos, was seen by skeptics as a Kremlin-led effort to keep the tycoon, who has funded opposition parties, out of politics...
...There are still plenty of economic problems, including a bloated public sector that employs more than a million Sri Lankans and a tax system so riddled with loopholes that evasion is rampant. Of about 32,000 registered businesses in the country, only some 9,000 file tax returns. "Paying corporate income tax in this country is almost voluntary," says Jeremy Carter, the top representative of the International Monetary Fund (IMF) in Sri Lanka. The combination of high governmental spending on defense and the civil service along with a low revenue base meant that national debt had swelled to alarming levels...
...Last week this minor scandal got murkier when the government announced that it paid the entire $12.9 million festival budget to the local American Chamber of Commerce, a non-profit organization best known for luncheons and tax advice. Amcham gave the money to a company designated to run the festival, Red Canvas Ltd., which turned out to be owned by the chairman of the chamber, American moving-company founder Jim Thompson, and his wife. "That's a private firm, and we don't have the right to check its books," says Fred Li, a member of Hong Kong's Legislative...
...president, my first priority will be to pass a law requiring every employer to offer health care benefits. I will help employers cover the cost of insurance by repealing the Bush tax cuts and giving back to every employer 60 percent of what they spend on their employees’ health care. My plan will make sure that those who don’t have health insurance get covered, and that those who do have health insurance never lose their coverage. I call my plan Matt’s Plan, in honor of my son. Matt’s Plan...
...fewer trips to the emergency room and lower health care costs for everyone. The truth is, the economic stimulus created by this plan will pump billions of dollars into the economy—creating jobs and helping far more working Americans than would ever be helped by the Bush tax cuts, and giving them the security of health care when they need...