Word: taxingly
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...According to media reports, the informant first approached tax authorities in the German state of North Rhine-Westphalia with the deal last month. The individual provided a sample of the data, which authorities are now checking to determine its legitimacy. Details of the proposed deal were then leaked to the media, plunging Chancellor Angela Merkel's government into a public moral dilemma. Should it pay the $3.5 million the informant was reported to have demanded - which the media said could help the country recoup some $140 million in lost tax revenue - or turn down the offer because it amounted...
...latter, saying the data may not even be admissible in court because of the manner in which it was obtained. Other officials and experts warned that the government would be sending the wrong message by striking such a shady deal. "The German rule of law obliges the state to tax people equally, but the state should also not deal with criminals," Moris Lehner, a professor of international law at Munich's Ludwig Maximilian University, tells TIME. "The informant acquired the data through a criminal act, and the government has to weigh up its obligations very carefully." Peter Schaar, the German...
...Tuesday. "Before, you had to go to the bank and get hold of the money with a weapon. Today you can do it electronically by stealing data." Swiss Finance Minister Hans-Rudolf Merz went a step further, saying his country would refuse to help the German authorities on tax issues involving the stolen data. Lehner however, says this may just be bluster on Merz's part. "Under the double taxation agreement between Germany and Switzerland, the Swiss authorities are obliged to help their German counterparts to investigate tax fraud if there is a suspicion of a criminal act," he says...
...Despite the arguments of opponents, the deal did have plenty of support in Germany. Tax evasion is a major problem in the country, costing the government about $40 billion a year, according to Lehner. German opposition parties supported buying the CD if it would help uncover the identities of suspected tax dodgers. "It's a scandal that [the authorities] pursue every parking offender but not those people who evade paying up to $300 million in taxes," Sigmar Gabriel, chairman of the Social Democratic Party, told the paper Hamburger Abendblatt. The German police union was equally adamant that moral concerns should...
...healthy dose of guarded capitalism is what America needs. Obama’s proposals, one of which is a $33 billion-dollar business tax credit, will shore up many failing small businesses in America’s heartland by providing a tax credit for each net hire by a small business. That, in addition to good labor incentivization practices, innovative ideas by talented workers, and moderate compensation packages for top executives and employees, promise to be the remedies for this ill economy. Unless middle-class Americans fight back against the excesses of Wall Street executives who make more...