When it comes to big banks’ bad behavior and the fines they pay to settle “allegations” – which are actually civil charges and which would be criminal charges if applied to any other business or in any parallel universe – things aren’t even close to what they seem.
The Government Accountability Office (GAO) has been touting a “modest” $394 million price tag for the flailing Obamacare website, but the truth is that the Obama administration has awarded contracts totaling over $1 billion in U.S. taxpayer dollars, a Bloomberg Government Analysis (BGOV) found.
Fed up with corporate tax avoidance that keeps their fingers off of billions of dollars in potential revenue to feed their spendthrift ways each year, governments in the world’s richest economies soon hope to have a plan to do something about it.
The Organization for Economic Cooperation and Development (OECD) will present a preliminary version of such a plan at the meeting of G20 finance minister in Moscow on July 17.
The government produced 6.4 billion new currency notes last year. Each one cost 9.6 cents to produce, including the cost of paper and printing.
Just last week, the GAO called for replac…