Taxpayers
in sentence
648 examples of Taxpayers in a sentence
In Greece, bad loans issued by French and German banks were moved onto the public books, transferring the exposure not only to European taxpayers, but to the entire membership of the IMF.
The Swiss state, by contrast, has an excellent relationship with its taxpayers, and there is a correspondingly high level of taxpayer honesty.
The OECD itself has drawn attention to Switzerland's Code of Conduct for Tax Authorities,
Taxpayers
and Tax Advisers as an example of how to promote what it calls an “enhanced relationship between
taxpayers
and revenue bodies."
As a public bank, its financial operations are guaranteed by European taxpayers’ money, and its capital is immense.
A better approach would be to create a mechanism for orchestrating orderly sovereign default, both to minimize damage when crises do occur, and to discourage lenders from assuming that taxpayers’ money will solve all major problems.
And, when things go badly, it becomes the taxpayers’ problem (or the problem of some foreign government and their taxpayers).
In agriculture, it protects the world’s rich farmers by stifling opportunity for the poor, at a cost of some $280 billion a year to
taxpayers
and consumers.
But US
taxpayers
do give nearly a quarter of all the money spent on direct development aid by rich countries.
The failed measure involved only a transfer of previous US commitments from a supplementary account to the IMF’s core funding source, at virtually no cost to
taxpayers.
Hosting a huge financial center, with outsize domestic banks, can be costly to
taxpayers.
In fact, the ECB may be putting the interests of the few banks that have written credit-default swaps before those of Greece, Europe’s taxpayers, and creditors who acted prudently and bought insurance.
Bankers get the upside and
taxpayers
(and people laid off as credit is disrupted) get the downside.
But when one considers the effects of “bracket creep,” the outlook for
taxpayers
worsens.
Even if the shareholders and bondholders lose everything, with the right restructuring, we can still save the banks and protect
taxpayers
and workers.
The people of Haiti, as well as US taxpayers, deserve a system that makes public the status of IDB loans and projects in Haiti in order to ensure that the US and IDB member states uphold their commitments to development and human rights.
For the problem of the next generation remains to combine public and private contributions to services that simply cannot remain wholly financed by
taxpayers
and wholly run by public bureaucracies.
And the Fed can congratulate itself on the mostly unobserved way that the large banks have used taxpayers’ money.
Beyond contributing to host economies as workers, entrepreneurs, investors, and taxpayers, migrants (and refugees) support development in their countries of origin through remittances.
It did not require
taxpayers
to bail out the parent company’s derivative counterparties.
To address a potential capital shortage at Goldman Sachs, say,
taxpayers
would have been better off providing $13 billon to Goldman in exchange for Goldman securities with adequate value, rather than footing the bill for the $13 billion that AIG gave to Goldman.
A governmental commitment to exclude derivative creditors from any safety net extended when financial institutions fail would reduce future costs to
taxpayers
from cases like AIG.
At that point, government debt will no longer be backed up by taxpayers’ assets.
And, because
taxpayers
expect this, they will save now to pay their future tax bills.
But the program remains legally dubious, as it creates a massive shadow budget financed by borrowing that will operate parallel to the EU and national budgets, thereby placing a substantial risk-sharing burden on
taxpayers.
not counting the unlimited guarantees the ECB has given to the states of southern Europe through its OMT programme at the expense, and to the risk, of the
taxpayers
of Europe’s still-sound economies.
It argues that, under the German constitution, the ECB is prohibited from making any decisions that impose potential liabilities on German taxpayers, because it is not subject to German parliamentary control.
But it is a risky proposition: if investors exit nonetheless, the required funds might be so large that creditor countries’ taxpayers’ revolt.
To the extent that government becomes involved in restructuring financial institutions, it should avoid unnecessary wealth transfers from
taxpayers
to the security holders of the financial institutions.
The second objective should be to “break the link between banks and sovereigns,” which has been a particularly dangerous feature of the last year, while the third is to “minimize the risks for
taxpayers
through adequate contributions by the financial industry.”
Imagine further that the “bad bank” helps the financial sector, which was recapitalized generously by strained Greek
taxpayers
in the midst of the crisis, to shed their legacy of non-performing loans and unclog their financial plumbing.
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