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Here's Some "Change" From Obama
15 hours ago ago from The Golden Truth
$38 billion in spare change given to Citigroup. I borrowed this from Jesse's Cafe Americain because Jesse was too kind in his related commentary. Obama's IRS CHANGED the tax rules in order to allow Citigroup to retain $38 billion in tax benefits: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer ...
Related contentCiti Gets Another Bailout
16 hours ago ago from IntoxiNation
Instead of letting Congress vote on one, the IRS went ahead and gave it to them: The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis. The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of ...
Related contentAnother huge corporate giveaway for Citigroup
10 hours ago ago from The Richmonder
Unbelievable . The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis. The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the benefit of Citigroup and a few other companies partially owned by the ...
Related contentThe Fat Cats Are Getting Fatter
19 hours ago ago from The World According To Dr. Castro
This is so funny (NOT). The "fat cats" are getting fatter, thanks to the Obama administration who keeps feeding them with delicious green pieces of pastry, billions of them! Watch out, Mr. President & Co, don't you feed them the cats so much, they could burst. U.S. gave up billions in tax money in deal for Citigroup's bailout repayment The federal government quietly agreed to forgo billions of dollars in potential tax payments from ...
Related contentAnd They Didn't Even Kiss You First
19 hours ago ago from The Daley Gator
U.S. Gave Up Billions In Tax Money In Deal For Citigroup's Bailout Repayment Washington Post The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis. The Internal Revenue Service on Friday issued an exception to long-standing tax rules for the ...
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Bailout Banks Keep Tax Breaks As They Repay Loans : NPR
41 minutes ago ago from NPR
Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Bailout Banks Keep Tax Breaks As They Repay Loans by The Associated Press text size A A A WASHINGTON December 16, 2009, 01:24 pm ET Citigroup and other banks ...
Related contentGermany approves 2010 budget with record new debts
5 hours ago ago from U.S. News
Germany approves 2010 budget with record new debts BERLIN (AP) -- Germany's new center-right Cabinet approved a 2010 budget plan on Wednesday that includes record levels of new debt and higher government spending as the country seeks to safeguard its recovery from recession. The budget puts spending at euro325.4 billion ($475 billion), a 7.3 percent increase on this year's planned outlay of euro303.3 billion. It foresees new borrowing of ...
Related contentGovernment Gave Up Billions in Tax Revenue in Citigroup Deal
6 hours ago ago from Politics Daily
The U.S. government agreed to forgo billions in tax revenue in a deal with Citigroup earlier this week to help the company repay its bailout money, the Washington Post reports . The Internal Revenue Service issued an exception to longstanding rules for Citi and other companies now partially owned by the government, allowing them to hold on to tax breaks that would otherwise decline in value once the government sells its stake to private ...
Related contentCitigroup Gets Massive Tax Break In Deal with IRS
17 hours ago ago from Huffington Post
Washington Post : The federal government quietly agreed to forgo billions of dollars in potential tax payments from Citigroup as part of the deal announced this week to wean the company from the massive taxpayer bailout that helped it survive the financial crisis. The Internal Revenue Service on Friday issued an exception to longstanding tax rules for the benefit of Citigroup and the few other companies partially owned by the government. ...
Related contentA Tax Break for Citigroup With Payback of Bailout
13 hours ago ago from The New York Times
A day after Citigroup won approval to escape the government bailout program, a special tax break that the bank received to pave the way for its exit could become a point of contention in Washington. Add to Portfolio Citigroup Inc Go to your Portfolio After months of discussions, the Internal Revenue Service granted an exemption late Friday that allowed Citigroup to preserve a $38 billion tax benefit it stood to lose if it ...
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