In addition to the piss poor economy in the United States at the present time (pardon my French), it appears that the U.S. Chamber and travel and tourism industry have yet to also discover just why occupancy levels are down, and more and more Americans are staying at home during normal vacation periods. And that […]
India: New Income Tax Code to ‘Boost Savings’ is on the Anvil
Finance minister Pranab Mukherjee along with his predecessor P.Chidambaram released a new Income Tax Code in New Delhi on 12th Aug’09, which seeks to simplify and replace the 48-years-old Income Tax Act 1961. The most salient features of this code are that it boosts savings greatly and highly simplifies tax calculation procedures. Putting the code […]
Merkel Challenges Liechtenstein Over Tax Evasion
The German chancellor, Angela Merkel, put pressure on the Liechtenstein government yesterday to increase the transparency of its banks and other financial institutions amid a nationwide inquiry into Germany’s biggest tax evasion scandal. Speaking after a meeting in Berlin with Otmar Hasler, the prime minister of the tiny alpine tax haven, Merkel said Liechtenstein had […]
Actor Snipes Found Not Guilty of Tax Fraud
Actor Wesley Snipes has been found not guilty of tax fraud and conspiracy charges, but was convicted on three misdemeanor counts of failing to file a tax return. Snipes and two co-defendants, a de-licensed accountant and a tax protest leader, were indicted in 2006. Snipes was also indicted on six counts of willful failure to […]
Should the U.S. grant Amnesty to Illegal Aliens
This is a difficult subject, because both sides have valid points of view, but we must consider the ramifications of both. The argument for amnesty seems to be that we were all immigrants at one time. whether it was our parents, grandparents, or somebody in our ancestry. The problem with this argument is that for […]
The Silver Lining in the Real Estate Thunderclouds
In fact, I’d like to dedicate this to a reader (and new Millionaire’s Circle member) by the name of Vincent M. He joined about the same time Japan had its rumbles. In other words, the world (including the Earth) was correcting and he was stepping right into the mix. So, Vincent M., while equities […]
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