After working as a stringer for three years, I was promoted to Moscow bureau chief of BusinessWeek in 1996. I was thrilled with the promotion and the recognition, and I was given the full expat package with a free apartment, car and driver, and home leave three times a year. One other important benefit was that McGraw- Hill, the owner of BusinessWeek, offered a “tax equalization” benefit. In other words, the company paid most of my Russian taxes. I owned an apartment in Washington, D.C., and decided to rent it out rather than selling it. I rented it out furnished, and the first tenant stayed for two years. read more
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