Word: taxed
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...them to extend loans to creditworthy business and households "without delay or additional constraints." Sarkozy pointedly reminded bank presidents that freeing up such funds - a basic necessity for business development and economic growth - was one of the main reasons governments around the globe have pledged trillions of dollars in tax payer money to rescue the financial system in the first place...
Fiscal Creep Around Europe, that ripping noise you hear is the sound made by Treasury officials tearing up their 2009 budgets. With the economy slowing, tax receipts are lower than expected, and in Britain, France and elsewhere government spending is higher than forecast. Now comes the bank bailout, and with it, a huge increase in government borrowing. British Prime Minister Gordon Brown has been the first to detail his national package, and it's making fiscal hawks shudder. It involves injecting up to $65 billion into three British banks - Royal Bank of Scotland, HBOS and Lloyds TSB - in exchange...
...recapitalize ailing banks and get credit, the lifeblood of economic health, flowing again. Both of those plans are to be funded by the $700 billion rescue package Congress recently approved. The stimulus would be the second such bill this year, following a $160 billion economic package that gave tax rebates of up to $600 per adult to fuel consumer spending slowed by higher food and fuel prices...
...counties including Montgomery, Va. (home to Virginia Tech), Greenville, S.C. (Furman University), and most recently El Paso, Colo. (Colorado College), issued warnings that were off-putting if not outright alarming: students who register in their college town could be ineligible to be claimed as dependents on their parents' tax returns and might be in danger of losing tuition scholarships. The problem, according to youth-voter advocates and the IRS, was that these dire warnings were incorrect. After widespread outrage, the registrars backed off. But experts worry that the resulting confusion could sour first timers on voting altogether. "It's creating...
That makes arms deals far more difficult to track. But Griffiths says one tactic could work in nabbing arms traffickers: the "Al Capone method." When the U.S. justice system failed to convict the 1930s mobster for racketeering and murder charges, he was finally run in for tax evasion. Griffiths says arms traffickers have one obvious vulnerability: their need to ship arms on boats and planes, most of which require registration. When the E.U. introduced strict safety standards for air-cargo carriers two years ago, its leaders weren't thinking of arms dealers. Yet of the scores of companies they have...