Word: taxing
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...once bought diamonds with illicit money in Europe and then spirited them to California stuffed in a toothpaste tube, all part of an effort to conceal $200 million in assets on which his client - the Russia-born, California-based real estate mogul Igor Olenicoff - owed $7.2 million in U.S. taxes. But at the same time, almost no one in the U.S. government would deny that Birkenfeld was absolutely essential to its landmark tax-evasion case against Swiss banking giant UBS. The former UBS employee turned whistle-blower exposed the previously hidden world of offshore tax shelters, which cheats the Treasury...
...have no reason to believe," says Kevin Downing, a senior Justice Department tax trial lawyer, "that we would have had any other means to have disclosed what was going on but for an insider in that scheme providing detailed information, which Mr. Birkenfeld did." (Read "Calling All Whistle-Blowers! The SEC Wants...
...Japan's elections [Sept. 14]: With its new government, Japan has the opportunity to break with the past and become a model world citizen. I lived there for 11 years and directly experienced the limited opportunities offered to immigrants. One way the country can increase its workforce and tax base - and stimulate creativity in its population - is to change its immigration laws. If these policies were liberalized to coincide with those of the U.S., Japan would become a wealthier country, materially and culturally, and receive more respect internationally. Don MacLaren, ELMHUST...
...unemployment enigma is not solely the result of the recession but also the cumulative effect of a decade of negative labor practices like cutting pensions, avoiding hiring workers by extending the hours of salaried employees, and outsourcing [Sept. 21]. I was laid off from a temporary tax job in April, and I have been unemployed since. On paper, my unemployment appears to be a consequence of the recession. In fact, it is a result of the 2002 offshoring of my prior job: a well-paying, 24-year IT career with AT&T and IBM. Had that not happened, I most...
...required to buy coverage can actually afford it? Should it include a requirement that all but the smallest firms provide a package of health benefits to their workers, and if so, how would it be enforced? How should the proposal be financed, and should it include a tax hike on the wealthy or a tax on high-end insurance plans? There will also be renewed debate over some of the side issues that have arisen, such as coverage of abortion and whether illegal immigrants might find ways of entering the system...