transfer payments

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'Dumbest Bank' Makes Another Massive Error

KfW did get its money back though

(Newser) - To err is human, and a major bank is reminding the world of this for the second time after once again accidentally transferring a massive sum of money it shouldn't have. The blunder occurred on Feb. 20, when Frankfurt-based lender KfW, a German government-owned development bank, transferred $5.4... More »

Google Dodges $2B in Taxes With Bermuda Move

Profit stowed there nearly doubles

(Newser) - Google shifted $9.8 billion in revenue to its Bermuda shell company last year, in a move that allowed it to cut its overall tax rate almost in half, Bloomberg reports based on company filings. The figure is nearly double what Google funneled overseas three years earlier, and represents roughly... More »

Don't Raise Taxes on Rich; Redirect Money to Poor

Raising taxes would only create stagnation: Barone

(Newser) - "What should be done about income inequality?" This question "underlies the arguments hashed out in the supercommittee and promises to be a central issue in the presidential campaign," writes Michael Barone in the Washington Examiner . Barone's answer, based on a recent paper by Republican lawmaker Paul... More »

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