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,   
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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 ...
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  • 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 - 7:41 am | 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 ...
    03/31/2012 - 1:00 pm | View Link
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  • Citigroup
    Citi Private Bank is an advisor to ultra high net worth individuals and families throughout the world. It uses an open architecture network of more than 1,000 private ...
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  • American Recovery and Reinvestment Act of 2009
    Senate Democrats, after ignoring calls for additional infrastructure spending by Senate Republicans, forced a near unprecedented level of changes (near $150 billion ...
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  • 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 ...
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  • The Green Corruption Files
    During my last bombshell blog post, I chronicled the Spanish conglomerate Abengoa that snagged billions of U.S. green energy stimulus funds, exposing how this foreign ...
    04/17/2014 - 9:43 am | View Website
  • Hearings| Homeland Security & Governmental Affairs Committee
    The Permanent Subcommittee On Investigations> Hearings. Offshore Tax Evasion: The Effort to Collect Unpaid Taxes on Billions in Hidden Offshore Accounts
    04/17/2014 - 9:43 am | View Website
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