Camp’s bank tax was being attacked even before it was unveiled. The financial industry got wind of the Ways and Means chair’s intention just before the plan was released and began to mobilize against ...
Sources: Tax unconstitutional if it singles out Wall St. banks Jan. 18. 2010 — -- Just days after President Obama unveiled a new tax on the country's biggest banks, Wall Street is already ...
The banking lobby plans to object to the Obama administration's bank tax proposal on the grounds that it is unconstitutional. We don't hate this tax proposal. But we cannot avoid coming to the ...
WASHINGTON Congress is unlikely to pass a big bank tax into law this year, but House Republicans' surprising embrace of the idea suggests it is likely to return later to haunt the industry. Rep. Dave ...
Requiring more information from financial institutions will help catch and deter tax cheats while reducing audits of honest taxpayers. Amount of unpaid taxes the richest 1 percent are responsible for ...
Way back in January of 2010, during his short-lived “fat cat” bashing phase, Obama proposed a tax on the nation’s largest financial institutions with the stated intent of recouping taxpayer losses ...
Barclays has become the latest banking giant to send a firm warning to Rachel Reeves to avoid bank tax hike as the Chancellor scrambles to maintain her wafer-thin fiscal headroom. The FTSE 100 giant’s ...
Tim Fernholz links to the official government factsheet on the bank tax, which gives a lot more detail on how it’s structured. One thing that jumped out at me is that something along these lines is ...
(Note: this is the single page version. For an easier to read paginated version, click here.) When it was reported that a lawyer for the banking lobby planned to challenge the bank tax recently ...
A financial crisis responsibility tax would be levied on roughly 50 big banks. WASHINGTON <br/> Jan. 14, 2010 — -- After days of speculation, the president today confirmed reports that the ...
The financial regulation bill before the Senate has the potential to do a lot of good. But it also has at least one major flaw: it would not do enough to prevent taxpayers from paying the bill for a ...
About 3,000 Citizens Bank employees work out of its 123-acre campus headquarters in Johnston. (Will Steinfeld/Rhode Island Current) Citizens Bank’s Rhode Island roots run deep. From modest beginnings ...
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