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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    Richard Lehmann's 6% Solution: Finding Gems Among Junk Bonds - Atlanta Journal And Constitution
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    10/22/2014 - 6:57 am | View Link
  • Opinion: The BJP's Big Black Money Challenge - NDTV
    100 days" the billions of dollars of "black money" reputedly stashed abroad by tax ... to be illegally sitting abroad! ... it comes to Swiss ...
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    Time for collective action, not campaign slogans, writes Shashi Tharoor.
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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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    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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