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Citigroup skates; getting Geithner’s blessing
15 hours ago ago from Florida Real Estate
A House subcommittee has stated it will investigate the Treasury Department's decision to change a long-standing law so that Citigroup could keep billions of dollars in tax breaks. The I.R.S. ruled yesterday that Citigroup could keep $38 billion in tax breaks that otherwise would decline in value as the government sells its stake in the company. Federal law lets businesses shelter profits from taxes in good years according to the amount ...
Related contentAbdulah accuses media of helping to create fear | The Trinidad Guardian
6 hours ago ago from The Trinidad Guardian | Online edition of the Trinidad & Tobago Guardian
Set as homepage Sunday December 20th, 2009 Last update: 2 min 26 sec ago Online edition of the Trinidad & Tobago Guardian Feedback Login or Create your account News Sports Business Features Commentary GIE Tag Cloud Akile Simon Business Columnist Cricket Crime Entertainment Football Francis ...
Related contentFinal Copenhagen Text Includes Global Transaction Tax
21 hours ago ago from A LIGHT IN THE DARKNESS
'The final Copenhagen draft agreement which was hammered out in the early hours of Friday morning includes provisions for a global tax on financial transactions that will be paid directly to the World Bank, as President Obama prepares to bypass Congress by approving a massive transfer of wealth from America into globalist hands. As Lord Monckton, Alex Jones and others warned, the notion that the globalists would achieve nothing at ...
Related contentBack to reality – how we are running out of money
10 hours ago ago from John Redwood
Amidst all the hype and warmist theory of Copenhagen the latest UK public borrowing figures showed more of the same another £20 billion in debt last month. The statistics released showed that this year Income tax is down £8.5 billion, Corporation Tax by £9 billion and VAT by £10 billion. There will be differing approaches to this .The government is minded to put rates up to get in more revenue. That might work with VAT, where the ...
Related contentObama Tries Optimism In Face Of Copenhagen Flop
19 hours ago ago from Science News
Amidst growing talk from pundits of all political persuasions that the Copenhagen climate conference was a royal flop, President Barack Obama attempted to challenge these interpretations on Friday, saying the United States, China and other participants had achieved an “unprecedented breakthrough” in the battle to cut global climate emissions.After months of anticipation and two weeks of intense political wrangling, diplomats from around the ...
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