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March 8, 1993 | From Times Staff and Wire Reports
Swiss OK Gas Tax, Casinos: Swiss voters overturned a 73-year-old ban on casinos and approved higher gasoline taxes in referendums supporting government efforts to get the country's fiscal house in order. About 54% of the electorate voted for higher gasoline taxes in one of three referendums, a federal chancellery statement said. The Finance Ministry, grappling with a federal budget deficit of $3.2 billion this year, up from $1.
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BUSINESS
March 8, 1993 | From Times Staff and Wire Reports
Swiss OK Gas Tax, Casinos: Swiss voters overturned a 73-year-old ban on casinos and approved higher gasoline taxes in referendums supporting government efforts to get the country's fiscal house in order. About 54% of the electorate voted for higher gasoline taxes in one of three referendums, a federal chancellery statement said. The Finance Ministry, grappling with a federal budget deficit of $3.2 billion this year, up from $1.
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BUSINESS
May 28, 2013 | Michael Hiltzik
Apple Inc.'s success at avoiding billions of dollars in U.S. taxes through some (apparently) legal maneuvers has tax pundits pointing their guns at the corporate tax system. The case has revived numerous hoary cures for the supposed evil of corporate taxes. The cures include abolishing the corporate tax altogether, turning it into a pure "territorial" system that taxes multinational firms only in proportion to the income generated within the United States, declaring a tax "holiday" allowing businesses to repatriate cash parked overseas (where it is taxed at vanishingly small rates, like Apple's)
NEWS
February 22, 2001 | MARJORIE MILLER, TIMES STAFF WRITER
Marc Rich is everywhere and nowhere in this world-class tax haven. As is customary in democratic Switzerland, the fugitive financier whom President Clinton pardoned on his way out of office is listed in the telephone directory--phone number, address and all. But he doesn't answer calls or come to the door of his lakeside villa in the nearby hamlet of Meggen.
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