Word: cashed
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...legally pay income tax in Mauritius - at 15%. So anyone who buys a villa in Corniche Bay will, over the course of an average working life, save in tax what they paid in the first place. Effectively, the villa is free, while the owner can even earn extra cash by renting it out. And what did the Mauritian government name its brainwave? The Integrated Resort Scheme - or irs. It's enough to make the tax man see green. www.cornichebay...
...banks and other financial-services companies starved for cash by the subprime-credit crises, where they obtain bailout money is less important than the fact that it's available at all. Just ask investors in Citigroup or UBS. The big Swiss bank had to take a $10 billion write-down--it had already taken a $4.4 billion hit--on the value of its "super-senior" subprime portfolio, those formerly top-rated bonds. To restore its capital base, UBS sold $8.9 billion in convertible notes to the Government of Singapore Investment Corp. (GIC) and an additional $1.8 billion...
...that happens to poke fun at other movies…just without Will Ferrell. Reilly can field jokes as Dewey Cox, the loveable dolt who happens to be a musical genius, and his demeanor of perpetual understatement allows for the faith-in-the-underdog mentality that underlies the Johnny Cash biopic “Walk the Line.” But it’s difficult not to long for Ferrell. His comedic presence has, in the past, literally turned a funeral into a riot, and he belongs in a movie like this. His classic Saturday Night Live impersonation...
...dangerous. Drivers were forced to compete for fares, overtaking one another at breakneck speeds to reach passengers first. Buses were old and belched black fumes. So, the government decided to replace the old bus routes with new ones linked to the metro network in a system that has eliminated cash and works entirely by swipe cards. The battered old yellow buses have been replaced by smart new high-tech fleet...
...refusal to subsidize the project from the outset. Still, with so much anger on the streets, the government simply cannot afford to hike fares to meet the shortfall, even though the system is losing money. Instead, it keeps asking parliament to approve additional funding. In June, Congress agreed a cash injection of $290 million, but last month refused to approve further funds...