Word: taxing
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Dubai's rise had been decades in the making, but the property market really exploded following a 2003 law change that made it easier for foreigners to own land. With credit cheap and readily available, no income tax, and many more sunshine hours than Britain or Russia, Dubai attracted a new wave of Europeans, who arrived with big hopes and little understanding of Muslim values. In one infamous culture clash, two Britons were imprisoned for having sex on a public beach and insulting police officers after a drunken Friday brunch...
...unemployment will further contribute to the isolation and depression of many of our Boston- area neighborhoods. This is no strategy for times of economic hardship, and it runs contrary to Harvard’s contract with its community to provide education and opportunity to its surroundings in return for tax exemption...
Massachusetts legislators and Smith economics professor James Miller have advocated for taxes on large universities. The current proposal calls for a 2.5- percent tax on university assets valued at over $1 billion. If the state of Washington taxes Microsoft, they argue, why should Massachusetts not tax Harvard? The answer is that we do not want Harvard to act exactly like a business, so we should not treat it like one. We expect Harvard to think of Cambridge and Allston residents and Harvard workers even in times of stress, and the tax breaks are to help Harvard meet those expectations...
...plan would make the health benefits that companies provide their workers count as taxable income, and then use that money to provide tax credits with which individuals could purchase their own health coverage. Economist Douglas Holtz-Eakin, who advised the McCain campaign, said the new plan goes further than previous Republican offerings. For instance, it would provide new incentives for insurers to offer coverage to people who now have trouble buying it because they have pre-existing health conditions. It also puts more emphasis on preventive care and sets up "state exchanges" - similar to the one now operating in Massachusetts...
...coverage to all - or even most - of the 47 million or so Americans who now lack it. It does not, for instance, impose a requirement that employers provide coverage to their workers or that individuals who do not get health benefits at work buy them on their own. The tax credits that it provides - $2,300 for individuals and $5,700 for families - fall well short of the average annual cost of a health policy, which is between $10,000 and $12,000 per family, says Robert Blendon, professor of health policy and political analysis at the Harvard University School...