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Tax the Bank!
Do You Pay Taxes in DC? Guess Who Doesn't?
-- The World Bank, the IDB and the IMF!
The World Bank, the Inter-American Development Bank (IDB), and the
International Monetary Fund (IMF) own over $1.3 billion worth of
property in DC. Every year, they earn combined net profits of over $4
billion; the IMF also holds over $30 billion in gold reserves. As
Public International Organizations, charged with making the rules for
the global economy, they are exempt from ALL TAXES by federal law. Yet
they receive DC services like Police and Fire protection, street
maintenance, snow removal, and emergency planning- FREE! They do not
contribute a cent to the $312,284,128 in local funds to be spent in
2004 alone for DC loan repayments!
Reports
- Freeloading Bankers --
The 50 Years Is Enough Network's report
- Summary Analysis -- The 50 Years Is
Enough Network's critique of The Economic and Fiscal Impacts of the World
Bank Group on the District of Colombia and Washington Area
Flyers
The following flyers are available as PDF documents:
Economic Justice News
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