Billions In Tax Dollars Sitting In Banks Unused

Congressional report, "Money for Nothing," cites funds set aside but, often due to laws, going unspent when projects languish

Topics:  money for nothing,   
  • New ATO Ruling Could Yield Billions for Australian Banks
    All four major banks are down around 10%. And a large reason why is the global boycott on banks. This isn’t helped when banks underperform on results, either. However, soon banks might start to experience a boost in capital. The Australian Tax Office ...
    05/30/2016 - 5:38 pm | View Link
  • ATO tax amnesty nets billions, but hunt for rich with secret Swiss accounts continues
    Thousands of rich Australians have come forward to declare billions of dollars in untaxed ... individuals dodging tax. On top of this, the OECD and G20 are working on a common reporting standard that will see information held by banks and other financial ...
    12/8/2014 - 3:50 pm | View Link
  • Fixed Fortunes: Biggest corporate political interests spend billions, get trillions
    On average, their PACs, employees and their family members made campaign contributions to 144 sitting members of Congress each cycle ... not so mysteriously have the ability to attract federal dollars regardless of who is running Washington.
    11/16/2014 - 8:26 pm | View Link
  • The Biggest Tax Scam Ever: How Corporate America Parks Profits Overseas, Avoiding Billions in Taxes
    Dickinson writes: "Top offenders include giants from high-tech (Microsoft, $76 billion); Big Pharma (Pfizer, $69 billion); Big Oil (Exxon­Mobil, $47 billion); investment banks ... s no tax return. And so you have billions of dollars sitting there.
    08/28/2014 - 3:50 am | View Link
  • Marty Sullivan figured out how the world’s biggest companies avoided billions in taxes. Here’s how he wants to stop them.
    It was 1985, and tax reform had become a top priority for both the Congress and the Reagan White House. “Suddenly I was sitting in a room with a dozen ... venture capital firms, investment banks and giant family-owned companies. Today, the Treasury ...
    10/25/2013 - 1:00 pm | View Link
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  • The true cost of the bank bailout | Need to Know | PBS
    ... US$700 billion on a bank bailout program is essentially ... while using YOUR tax dollars to subsidize dirty and ... The true cost of the bank ...
    12/2/2016 - 12:21 am | View Website
    Billions in tax dollars sitting in banks un-usedBySharyl ... billions of tax dollars are sitting in bank accounts, ... Company Gets $2.8 Billion in Tax Money ...
    11/25/2016 - 9:58 pm | View Website
    Billions in tax dollars sitting in banks un-used!!!!! ... billions of tax dollars are sitting in ban By: John Rector | Comments: 8 | Views: 890 | Votes: 1 ...
    11/23/2016 - 5:33 am | View Website
  • Trump’s Tax Cut Means Billion-Dollar Writedowns for U.S ...
    ... one-time earnings hit for many of the biggest U.S. banks, thanks to tax benefits they generated ... Cut Means Billion-Dollar Writedowns for U.S. Banks.
    11/19/2016 - 6:59 pm | View Website
  • Why Should Taxpayers Give Big Banks $83 Billion a Year ...
    ... Bloomberg quickly ... What if the billions of dollars they ... it’s tantamount to the government giving the banks about 3 cents of every tax ...
    02/20/2013 - 1:24 am | View Website
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