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,   
ASK NEWS:
  • The College-Loan Scandal - Rolling Stone
    ... rights by taking on banks and ... upset that, while sitting on ... from wages to tax returns to ... able to turn billions in ... tens of ...
    09/27/2014 - 10:44 am | View Link
  • What We Know - Safe Haven
    ... and banks piled on so much debt, much of it denominated in dollars or ... Chinese central bank is sitting on ... has used to wager billions ...
    09/26/2014 - 11:11 am | View Link
  • Matt Taibbi on Bank of America: Too Crooked to Fail - Rolling Stone
    ... have now spent nearly half a decade and hundreds of billions of tax dollars defending the premise that ... the scam is by now familiar: Banks ...
    09/23/2014 - 8:25 am | View Link
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BING NEWS:
  • Swiss insurers brace for next U.S. crackdown on untaxed billions
    ZURICH, July 4 (Reuters) - Swiss insurers are scrambling to defend themselves against possible investigations into billions of dollars of untaxed ... United States to protect banks accused of helping U.S. citizens to evade tax, a new cross-border law ...
    07/4/2013 - 3:43 am | View Link
  • How Apple's phantom taxes hide billions in profit
    It's building up an overlooked asset in the form of billions of dollars ... reduce the tax rate on such earnings to 5.25 percent. That would encourage the repatriation of some of the $1.4 trillion in cash that U.S. companies have sitting in overseas ...
    07/24/2012 - 2:49 am | View Link
  • Billions in tax dollars sitting in banks unused
    (CBS News) The federal debt is now about $16 trillion. However, billions of tax dollars are sitting in bank accounts, doing absolutely nothing, according to a congressional report. It's called "Money for Nothing," and it adds up the staggering amount of ...
    06/8/2012 - 5:56 am | View Link
  • Billions In Tax Dollars Sitting In Gov't 'Money For Nothing' Accounts
    The federal debt is now about $16 trillion. However, billions of tax dollars are sitting in bank accounts, doing absolutely nothing, according to a congressional report. It's called "Money for Nothing," and it adds up the staggering amount of funds ...
    06/7/2012 - 12:32 pm | View Link
  • Businesses Getting Billions In Tax Cuts Despite Rising Corporate Cash Reserves
    OTTAWA - Profitable Canadian businesses are set to reap $2.85 billion in additional income tax savings in 2012, even as Prime Minister Stephen Harper complains about all the private "money sitting on ... hundreds of billions of dollars as it rides out ...
    12/31/2011 - 7:42 pm | View Link
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BING SEARCH:
  • Senate Report: Tax Move Helped Hedge Funds Save Billions
    Markets Senate Report: Tax Move Helped Hedge Funds Save Billions Companies Claimed Long-Term Capital Gains for Trading Activity
    10/17/2014 - 4:47 am | View Website
  • Citigroup
    Citigroup was formed on October 9, 1998, following the $140 billion merger of Citicorp and Travelers Group to create the world's largest financial services ...
    10/16/2014 - 12:34 pm | View Website
  • Tax haven
    A tax haven is a state, country or territory where certain taxes are levied at a low rate or not at all. Individuals or corporate entities can find it attractive to ...
    10/14/2014 - 9:54 pm | View Website
  • Follow the money: Bailout tracker
    Program Committed Invested Description; American International Group * See complete AIG bailout below; $70 billion: $69.8 billion: $40 billion in preferred shares ...
    10/14/2014 - 1:05 pm | View Website
  • ELI5: How do Democrats and Republicans rationalize ...
    You are correct about the connotations of the term rationalize. However, I don't agree that its use is cynical here. Not paying a fair tax is a "bad" thing ...
    09/11/2014 - 3:45 pm | View Website
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