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11 matches for 'billions of dollars'

• Does Tamiflu work?

  —Sox First

  The standard response of governments to the Swine Flu pandemic has been to stock up on Tamiflu put out by Roche. It's made Roche billions of dollars in sales. Then we get this disturbing British Medical Journal report suggesting that it might actually be an enormous waste of money. According [...]

  Posted: December 09, 2009, 5:07am EST
  

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• Goldman Sachs loading up on guns

  —Sox First

  For Goldman Sachs, this year has been a PR nightmare. For the merchant bank, it's as if the financial crisis never happened. After paying back billions of dollars in taxpayer funded bailout money, it paid annual bonuses that rivaled the record payouts it made in 2007, at the height of [...]

  Posted: December 02, 2009, 3:37am EST
  

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• AIG, the Sequel

  —Skeptical CPA

  Number of comments: 2
  "After shelling out billions of dollars to Wall Street banks last year on souring trades, [AIG] has gotten some of that money back, thanks to a turnaround in the very securities that helped to level the insurer. ... For the second quarter, the figure may have topped $3 billion, public" [...]

  Posted: November 26, 2009, 7:01pm EST
  by Independent Accountant

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• Vampire Squid Obfuscation

  —Skeptical CPA

  Number of comments: 3
  "But most Americans know all too well that only the intervention of billions of dollars in taxpayer bailout money saved Goldman [GSG] from the dire fate of its less well-connected competitors. The growing ranks of under-and-unemployed Americans, meanwhile, are waiting with increasing desperation for a recovery of their own. Goldman" [...]

  Posted: November 21, 2009, 10:45am EST
  by Independent Accountant

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• More 'Fiscal Blood on the Tax Tracks'

  —TaxProf Blog

  Following up on my previous post, NY Times: LILOs & SILOSs Cause "Fiscal Blood on the Tracks": Business Week, Wall Street Plays Hardball: Across the nation, local governments and related public entities, already reeling from the recession, face another fiscal crisis: billions of dollars in fees owed to UBS, Goldman... [...]

  Posted: November 20, 2009, 12:40am EST
  by Paul Caron

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• Goldman Sachs Apologizes

  —CPA.BLOG

  Famed financial titan Goldman Sachs, one of the few Wall Street players to come out of the financial crisis relatively well, may have realized, perhaps, that defending billions of dollars in bonuses, all while saying you’re doing God’s work, might not be the best way to endear [...]

  Posted: November 19, 2009, 1:07pm EST
  by cgaetano

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• 14,700 Tax Evaders Come Clean Through Voluntary Disclosure

  —CPA.BLOG

  More than 14,700 U.S. taxpayers came forward to disclose billions of dollars in offshore bank accounts in 70 countries under a voluntary IRS program allowing most to avoid criminal prosecution as long as they pay back taxes, IRS officials announced to press sources today.

  read more

  [...]

  Posted: November 17, 2009, 4:16pm EST
  by mlajara

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• Realtors’ Agenda Shifts from Homebuyer Tax Credits to Lending Issues

  —Roni Deutch: The Tax Lady Blog

  After successfully lobbying for an extension and expansion of the first-time homebuyers credit, the National Association of Realtors is reportedly set to focus it efforts on relieving the commercial real estate credit crunch. According to Market Watch, there are hundreds of billions of dollars in commercial loans that will require [...]

  Posted: November 16, 2009, 2:58pm EST
  

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• Taxpayers lose out on bank bailout

  —Sox First

  Neil Barofsky, the special inspector general for the $700 billion Troubled Asset Relief Program (TARP), otherwise known as the bank bailout or banking welfare program, has conceded that the program will result in a loss to taxpayers to the tune of tens of billions of dollars.Barofsky said: "We need to" [...]

  Posted: November 13, 2009, 3:13am EST
  

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• Benshalom: The Dual Subsidy Theory of Charitable Deductions

  —TaxProf Blog

  Ilan Benshalom (Hebrew University, Faculty of Law) has published The Dual Subsidy Theory of Charitable Deductions, 84 Ind. L.J. 1047 (2009). Here is the abstract: Americans contribute billions of dollars to charities on an annual basis. Charitable contributions do not only represent American generosity, however; they also represent a form... [...]

  Posted: November 09, 2009, 1:00pm EST
  by Paul Caron

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• G20 fails to deliver for the poorest countries

  —Tax Research UK

  G20 Finance ministers today forfeited an historic opportunity to enable developing countries to claw back the billions of dollars that they currently lose each year to tax dodgers, says Christian Aid.

  In April, G20 Ministers promised to produce a plan by the end of this year to help developing countries benefit [...]

  Posted: November 07, 2009, 12:52pm EST
  by Richard Murphy

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