Quote from: Nowl1935 on November 23, 2016, 08:02:40 PM

Quote from: catch.me.if.you.can on August 26, 2016, 07:51:06 PM

Why the banks don't pay taxes?
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My opinion maybe because Technically, Banks are required to pay taxes on income as are other corporations. However, due to the use of offshore tax havens and various subsidies and loopholes, many of the biggest banks actually pay far less than the amount they paid. It is not that they don't pay taxes on their income. They simply use the tax code to define their taxable income as zero or less.

Banks never pay taxes. Their work is not always transparent and therefore hard to catch. Those who controls money can always find how to negotiate with the authorities. I think this is the main reason.