Word: taxed
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...change ... - By Peter Gumbel Everyone's Seeing Red Deficits are back in fashion. Shrugging off the E.U.'s straitjacket on borrowing for the third straight year, France and Germany last week all but admitted their economies wouldn't fit the tight rules in 2004. In the U.S., sweeping tax cuts and a costly war in Iraq brought a slide from surplus - that is so mid-'90s! - to a record $455 billion deficit in just three years, with the likelihood of further borrowing next year. With the U.K. government having declared record holes in its public finances last week, why would...
...which are hurled at visitors so carelessly—are not just handed out willy-nilly, but rather are part of an exchange between buyer and seller aimed at attracting business for exhibiting companies. In order to earn the privilege of a precious free gift, one must pay the tax of listening to a sales pitch or presentation on a new product, which most likely has nothing to do with the gift you are lusting after in the first place...
SMALL BUSINESS Don't Tax Yourself...
More than 3,500 small businesses received an unusual injunction from the IRS in June: Stop paying unnecessary taxes! Five years ago, the government repealed the alternative minimum tax (AMT) for small corporations, but thousands of them, confused by the law, have continued to pay. At the insistence of Senators Christopher Bond of Missouri and Olympia Snowe of Maine, the IRS is alerting businesses by mail. Those who have paid the AMT in error will have to file an amended return, Form 1120X, to get a refund. "These businesses will now have to spend even more money on tax accountants...
...could weather the storm by sacking the more unpopular members of his Cabinet. Topping that list would be Secretary for Security Regina Ip, the public face of Article 23, and Financial Secretary Antony Leung, under fire for the ailing economy?and for trying to avoid a hefty new car tax that he himself introduced...