Recession, European-Style: More Paid Time Off

I’m beginning to think this recession, depression, or whatever it is, is going to make Eurosocialists out of all of us, even me who was bred on free market capitalism (and often victimized by it too). There’s a great discussion forum on the New York Times...

Ouch, Now That Hurts: Returned Bonuses May Be Taxable!

A tax law doctrine known as “constructive receipt” could put those AIG employees who returned their bonuses in jeopardy of having to pay taxes on them anyway. Goes like this: Constructive receipt prevents people from gaming the system, say by performing...