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theodp writes
"Barack Obama has squared up for a major battle with big business, announcing a crackdown on offshore tax avoidance and evasion by US multinationals that's designed to raise $210B and make it easier for companies to create 'good jobs here at home'. Obama cited a building in the Cayman Islands where more than 18,000 US companies are housed: 'Either this is the biggest building in the world or it is the biggest tax scam in the world,' he said. 'I think the American people know which it is.' The administration says that more than a third of US foreign profits in 2003 came from Bermuda, the Netherlands and Ireland, and noted US companies paid an effective tax rate of just 2.3% on the $700bn they earned in foreign profits in 2004. Among tech companies affected by the crackdown, Microsoft joined 200 companies who signed a letter complaining that the proposed tax changes would put them at a disadvantage with their rivals, Cisco moaned that the measures 'would adversely impact our ability to invest and grow our business in the US,' and Google declined to comment for the time being."
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Hugh Pickens writes
"Industry experts claim the market for vintage whiskey has been flooded with fakes that purport to be several hundred years old but instead contain worthless spirit made just a few years ago. Now researchers at the Oxford Radiocarbon Accelerator Unit have developed a method that can pinpoint the date a whiskey was made by detecting traces of radioactive particles created by nuclear bomb tests in the 1950s. '"It is easy to tell if whiskey is fake as if it has been produced since the middle of the twentieth century, it has a very distinctive signature," says Dr. Tom Higham, deputy director of the facility. Nuclear bomb testing in the 1950s saw levels of carbon-14 in the atmosphere rise around the world so the amount of isotope absorbed by living organisms since this time has been artificially elevated. Whiskey extracted from antique bottles is sent to the laboratory where scientists burn the liquid and bombard the resulting gas with electrically charged particles so they can measure the carbon-14 in the sample. In one recent case, a bottle of 1856 Macallan Rare Reserve was withdrawn from auction at Christies, where it was expected to sell for up to £20,000, after the scientists found it had actually been produced in 1950. "So far there have probably been more fakes among the samples we've tested than real examples of old whiskey," says Higham.'"
