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There's nothing illegal in setting up an offshore account. There's also little point in doing it, unless you're like ExxonMobil and doing a ton of business overseas. "We routinely advise individuals against going offshore," says Peter Glicklich, an international-tax-law expert at Roberts & Holland in New York City. Moving offshore can actually shift some categories of income to your disadvantage: turning a capital gain into ordinary income, for instance, and getting taxed at a higher rate. If you fail to report an offshore account on your taxes, you face a penalty of 75% of the underpaid...
...talking over the Internet. Really. Pick up the phone, and you hear a regular old dial tone, and anyone calling you will hear the usual ringing noise. The sound quality is crisp and clear. I won't say it's perfect--there's a slightly hollow, tinny quality--but unless you're planning to listen to Mahler's Fifth over the phone, it's no big deal. And there are other perks besides the price. At Vonage's website you can access a list of your last 10 calls, both incoming and outgoing. You can set your phone to forward...
...Middle East crisis is a mess of a war that will probably drag on for centuries unless we take drastic diplomatic steps. Besides looking at the complex historical causes for the bloodshed, consider the present situation: each time one side attacks, the other retaliates on a greater scale. One side needs to refrain from reacting when provoked. Such a course seems simple, but when we look at the desire for revenge we in the U.S. felt after Sept. 11, we can understand that it is no small feat to accomplish. CHARLES HAILER Boston...
...WORLD, March 25]. A long history of U.S. vetoes of U.N. resolutions affirming Palestinian rights is the reason that so many Arabs view the U.S. and Israel as the same enemy. The Americans and Israelis should realize that making peace deals with governments will never result in real peace. Unless the U.S. and Israel consider the Palestinians' right to land, identity, possessions and dignity, there won't be much hope of peace for anyone in this part of the world. HANNA ABOULGHAR Cairo...
...Afghanistan winds down, the United States military seems to be already drawing up battle plans to attack another enemy, Iraq. While Saddam Hussein’s regime has engaged in heinous activities in the past, America has no imperative to take military action at this time. Unless the political and military situation changes drastically, the U.S. should not wage war against Iraq for the sake of prolonging the war on terrorism...