Word: taxing
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...addition to the well-known reforms in monetary policy, another Cardoso legacy was the restructuring of the Federal Revenue, which helped to ameliorate Brazil’s problem with tax collection. The FR beat collection records in all but the first of the Cardoso years. Just as Cardoso transformed the Federal Revenue, Lula is transforming the Federal Police. Today, the RF is a milestone in efficiency, even if it is still no IRS. The PF may be as successful, even if it falls short of FBI standards...
...uphold the economic orthodoxy of their predecessor. Brazil’s interest rate remains among the highest in the world at 13.75 percent. This demonstrates that the left and the right have actually agreed on a plan for the country. Their issues are different—modernization of the tax system vs. freedom for the federal police, or control of the government budget vs. poverty alleviation. But Brazil has reached a new paradigm in its economic history: One of fixing the country’s problems without compromising macroeconomic stability...
...Berkeley, Chetty focused his research on the design of tax and social insurance programs. Earlier this year, he was awarded the American Young Economist Award, which included a $100,000 research grant, by The American magazine...
That's why Charlie Rangel might be looking for a shovel these days. The flurries started last summer as a series of embarrassing revelations. Among them was the fact that Rangel was occupying four rent-controlled apartments simultaneously in upper Manhattan and that his tax returns - Rangel is the chairman of the tax-code-writing House Ways and Means Committee - were such a mess that he was hiring a "forensic auditor" to figure out why he had failed to report $75,000 in rental income from a villa in the Dominican Republic. Adding to the tangle of questions...
...that might be written off as small lapses or even just sloppiness. But any snickering stopped last week, when the New York Times reported that Rangel had been "instrumental" in preserving a lucrative tax loophole that benefited an oil-drilling company whose chief executive had pledged $1 million to a school of public service named for Rangel at City College of New York (CCNY). Now the doubts surrounding Rangel have grown to the point that House Speaker Nancy Pelosi is worried they will linger past Barack Obama's inauguration and into the dawn of the new Democratic era. She issued...