I can, therefore, easily imagine the autorickshaw accident, in the on-going "on the road to India" WSJ blog:
Tuesday, August 12, 2008
On the road in India
It is extremely difficult for me to relax while travelling in India. Car, taxi, autorickshaw, plane--it doesn't matter. It is too damn stressful. The only travel part I really enjoyed was the train ride from Kollam to Sengottai.
I can, therefore, easily imagine the autorickshaw accident, in the on-going "on the road to India" WSJ blog:
I can, therefore, easily imagine the autorickshaw accident, in the on-going "on the road to India" WSJ blog:
Only death is certain: not taxes for corporations!
I wonder what Obama and McCain will have to say about this GAO report that most corporations do not pay income taxes. I suppose taxes are only for the working stiffs :-(
From CQ Politics: Most corporations, including the vast majority of foreign companies doing business in the United States, pay no income taxes, according to a Government Accountability Office report released Tuesday.
During the eight-year period covered by the report, 72 percent of foreign-owned corporations went at least one year without owing taxes, and the same was true for 55 percent of domestic corporations.
Small companies were much more likely to pay no taxes than larger companies. Still, more than 3,500 large domestic corporations — with more than $250 million in assets or $50 million in gross receipts — did not pay taxes in 2005. ...
... The country’s 35 percent top rate on corporate income is among the highest in the industrialized world
From CQ Politics: Most corporations, including the vast majority of foreign companies doing business in the United States, pay no income taxes, according to a Government Accountability Office report released Tuesday.
During the eight-year period covered by the report, 72 percent of foreign-owned corporations went at least one year without owing taxes, and the same was true for 55 percent of domestic corporations.
Small companies were much more likely to pay no taxes than larger companies. Still, more than 3,500 large domestic corporations — with more than $250 million in assets or $50 million in gross receipts — did not pay taxes in 2005. ...
... The country’s 35 percent top rate on corporate income is among the highest in the industrialized world
Economic growth and pollution in China
James Fallows notes in his blog that "Blue visible in the sky, for the first time in one week." But, the factory closures, which have helped clean up the sky, will cease soon after the Olympics, and manufacturing will pick up the pace, again. Bloomberg reports that "China's economic growth slowed for a fourth straight quarter in the three months to June 30, expanding 10.1 percent. Gross domestic product growth below 9 percent would be ``unacceptable'' for a government targeting 10 million new jobs a year, according to a Credit Suisse Group report this month."
Reading all these, I am reminded of a fantastic satire from, who else, The Onion :-)
China Celebrates Its Status As World�s Number One Air Polluter
Reading all these, I am reminded of a fantastic satire from, who else, The Onion :-)
China Celebrates Its Status As World�s Number One Air Polluter
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