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,   
  • Profits shrink at Japan's 'megabanks' - Terra Daily
    Japan's top three banks on ... when overseas investors poured billions of dollars into ... But the Nikkei is sitting about ... Japan raised its ...
    08/1/2014 - 3:36 pm | View Link
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  • 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
  • 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 - 3:40 am | View Link
  • Port expansion could draw billions, create jobs
    Florida ports have been pressuring federal officials for months — in some cases, years — to overcome what they consider bureaucratic foot-dragging and congressional gridlock to fund their dredging projects and free up $7 billion sitting idly in a ...
    03/29/2013 - 6:32 am | View Link
  • The Lebowski Blog: Canadian Companies Are Hoarding $Billions for Another Crash
    That might explain why corporations are sitting on hundreds of billions of dollars rather than spending it in taxes. The economy looks to be doing well in a couple of areas...and by that I mean the major banks and ... from corporate tax cuts from the ...
    10/19/2012 - 1:00 pm | 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 ...
    06/7/2012 - 12:00 pm | View Link
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  • Why Should Taxpayers Give Big Banks $83 Billion a Year ...
    On television, in interviews and in meetings with investors, executives of the biggest U.S. banks -- notably JPMorgan Chase & Co. Chief Executive Jamie Dimon-- make ...
    08/25/2014 - 6:47 am | 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 ...
    08/25/2014 - 6:40 am | View Website
  • USDOJ: Jenkens & Gilchrist Attorneys, Former BDO Seidman ...
    Massive, 10 Year Criminal Scheme Generated More Than $7 Billion Dollars of Fraudulent Tax Losses
    08/25/2014 - 3:48 am | View Website
  • American Recovery and Reinvestment Act of 2009
    The American Recovery and Reinvestment Act of 2009 (ARRA), commonly referred to as the Stimulus or The Recovery Act, was an economic stimulus package enacted by the ...
    08/24/2014 - 10:05 pm | View Website
  • 10 states sitting on billions of dollars- MSN Money
    My daughter and her Mother went to Sacramento's unclaimed money department. Stocks her Great Grandmother (now deceased) bought her in (then called) Air Touch and ...
    03/18/2014 - 3:48 pm | View Website
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