Indian capitalism is not doomed

India’s problem of crony capitalism

The rise of modern capitalism in India in the 1990s was at first viewed in optimistic terms. A new breed of companies were born, who seemed to exhibit a new kind of competence, international competitiveness and high ethical standards. We could start putting our old mistrust of corrupt business . . . → Read More: Indian capitalism is not doomed

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Hat tip — Eric Dondero.

Here’s the text of a note from Tom Barthold, chief of staff to the Joint Committee on Taxation, to US Senator John Ensign (R-NV) [Click here for PDF]:

Dear Senator Ensign,

Sec 7203 of the Code provides that if there is a willful failure to file, pay. maintain appropriate . . . → Read More: Buy Now or Pay Later!