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,   
  • HSBC profits increase to £4.7bn - AOL UK
    Pre-tax profits rose to 7.06 billion US dollars (£4.7 ... billions in assets from tax ... of change that are sitting on your shelves at home? ...
    05/6/2015 - 3:37 pm | View Link
  • Change corporate tax law, CBA chief tells politicians - ABC Online
    ... bank directors all sitting on ... beset the big four banks and ... in shifting tens of billions of dollars of their Australian income to tax ...
    05/6/2015 - 4:02 am | View Link
  • Why Did The U.S. Pay This Ex-Swiss Banker $104 Million? -
    A $104M payday for a former Swiss banker - CNBC
    04/30/2015 - 12:28 pm | View Link
  • The Billionaire, the Dealer, and the $186 Million Rothko - Bloomberg
    ... tax-free before being sold again, tax-free. ... Today, Geneva Freeport holds tens of billions of ... “After the banks lost everything, ...
    04/28/2015 - 3:08 pm | View Link
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  • Bernie Sanders runs to Hillary's (far) left with populist campaign to raise taxes, pay for college tuition, more than DOUBLE the minimum wage, expand Social Security and create ...
    Sending 'a message to the billionaire class' from the banks of Lake Champlain, the 73-year-old populist warrior warned the rich that 'you can't have huge tax breaks while children ... individuals spending billions of dollars to elect candidates who will ...
    05/26/2015 - 3:01 pm | View Link
  • Those ministries of the government
    The trust fund, raised by deduction from the people it is supposed to help, is sitting in banks and too close to the Consolidated ... to take advantage of the collective value of the billions of dollars being so-called held in "trust" for them.
    05/24/2015 - 11:42 am | View Link
  • Western countries fighting tax evasion by companies – Mbeki
    Mbeki presented a report to the Pan African Parliament sitting ... billions in pounds, dollars, euros and so on as a result of their own multinational companies making profit abroad, but the money does not come to them and is instead sent to tax havens ...
    05/21/2015 - 12:32 am | View Link
  • Robert Reich: It’s time to bust up the big banks
    Not incidentally, such a tax could generate billions of dollars a year for, say, better schools. But the most important thing we should do is bust up the big banks. Any bank that’s too big to fail is too big, period. Antitrust law should be used the way ...
    05/20/2015 - 9:18 pm | View Link
  • Briefly across the nation
    Traders at JPMorgan Chase, Citigroup’s banking unit Citicorp, Barclays and the Royal Bank of Scotland were accused of working together to manipulate rates on the foreign exchange market, where hundreds of billions of dollars and euros change hands back ...
    05/20/2015 - 5:35 pm | View Link
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  • Apple’s Tax Strategy Aims at Low-Tax States and Nations ...
    Setting up an office in Reno is just one of many legal methods Apple uses to reduce its worldwide tax bill by billions of dollars each year. As it has in ...
    05/26/2015 - 11:27 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 ...
    05/26/2015 - 3:05 pm | View Website
  • Tax haven
    A tax haven is a state, country or territory where, on a national level, certain taxes are levied at a low rate or not at all. It also refers to countries which have ...
    04/16/2015 - 8:11 pm | View Website
  • With billions in the bank, Blue Shield of California loses ...
    Authorities have revoked the tax-exempt status of nonprofit Blue Shield of California, potentially putting it on the hook for tens of millions of dollars ...
    03/18/2015 - 7:02 am | View Website
  • Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax ...
    Even as governments around the world cut tax rates and try to keep corporations from shifting profits to tax havens, the U.S. Congress remains paralyzed in ...
    03/12/2014 - 4:02 pm | View Website
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