Flotsam and Dross

By May 6, 2008Taxation
  • Is it the exchange rate? “Volkswagen of America will pay more than $14 million over five years to be D.C. United’s primary sponsor and have its logo appear on the team’s uniform, sources familiar with the negotiations said yesterday.” D.C. United is the professional soccer team in town. VW sponsors Vfl Wolfsburg in Germany, which finished with 12 wins, 10 losses and 9 draws last season in the Bundesliga.
  • Washington, D.C., lobbied hard to get its own commemorative quarter — after the 50 states — and the three final designs are now being voted on: Duke Ellington, Benjamin Banneker, and Frederick Douglas. We’d go with Banneker, a mathematician, astronomer and surveyor. Coins have the power to excite children’s imaginations, so a Banneker design might encourage a future engineer or manufacturer. Then again, he WAS from Baltimore. (Our real preference: Henry Adams and the Willard.)
  • And in the mother country, from Reuters: “LONDON, May 6 (Reuters) – Prime Minister Gordon Brown has lost the “confidence and trust” of British business in less than a year in office, according to the head of a leading manufacturers group. Brown also risks sparking an “exodus” of British companies to more favourable tax regimes like Ireland, said Martin Temple, chairman of the EEF manufacturers trade body.”
  • Broad shoulders or deep pockets? From The Heartland Institute: “Sales taxes in the Chicago area could climb $1 billion this year, making Chicago the most expensive city in the United States in which to shop and dine…The tax hikes have been imposed by the Regional Transportation Authority (RTA), which includes Cook County and five suburban counties, and by the Cook County Board. They come on top of other major tax hikes, including a record $86 million property tax hike and 40 percent real estate transfer tax hike in Chicago, and the imposition of the nation’s first tax on bottled water, also in Chicago…”The government unions are controlling the whole process. Hire more people, increase pensions, raise salaries. That’s all they want, and they get it,” said Jerry Roper, president of the Chicagoland Chamber of Commerce.

Leave a Reply