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News Release | U.S. PIRG Ed Fund & Citizens for Tax Justice | Budget, Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

Tax loopholes encouraged more than 70 percent of Fortune 500 companies to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Report | U.S. PIRG Ed Fund & Citizens for Tax Justice | Budget, Tax

Offshore Shell Games 2014

Tax loopholes encouraged more than 70 percent of Fortune 500 companies to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the U.S. PIRG Education Fund and Citizens For Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Blog Post | Financial Reform

On Memorial Day, Thank Servicemembers and Veterans and Thank the CFPB for Protecting Them | Ed Mierzwinski

On this Memorial Day, celebrate servicemembers and veterans. It's important that the CFPB has their backs, since predatory lenders are after their wallets.  As I often say, the idea of the CFPB needs no defense, only more defenders.

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News Release | U.S. PIRG | Financial Reform

New Federal Bills Would Protect Students From High-Cost Campus Bank Accounts

Yesterday, House and Senate lawmakers introduced bills that would protect college students from being needlessly steered into campus bank accounts — accounts that often drive up students’ costs and deplete their financial aid. U.S. PIRG warned that if we the Department of Education can't protect students from high campus debit card fees, then we will "pursue this strong alternative approach put forth from the Hill.”

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Blog Post | Consumer Protection

Credit CARD Act Turns 5, A Big Success Story | Ed Mierzwinski

The Credit CARD Act of 2009,  has its 5th birthday today on May 22. It is a government success story that cleaned up a Wild West credit card marketplace by eliminating unfair tricks and traps without destroying the market. Let's celebrate by extending it to other card markets--debit and prepaid cards.

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News Release | U.S. PIRG | Budget, Tax

Amendment Passes to Crack Down on Offshore Tax Cheats

 

Statement of U.S. PIRG Tax and Budget Associate Dan Smith on the passage of the Senate Amendment 1818 to crack down on offshore tax evaders, introduced by Senators Levin, Conrad, and Whitehouse to the Transportation Bill.

 

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News Release | U.S. PIRG | Public Health

Stop Using Pink Slime in School Lunches

Parents have a right to know what is in their children’s school lunches. The USDA should ensure that only high quality, nutritious meat is used for the school lunch program.

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News Release | U.S. PIRG | Tax

New in The Huffington Post: Will BP’s Misdeeds Be Further Subsidized by Taxpayers?

New In the Public Interest column today on The Huffington Post from Phineas Baxandall

U.S. Public Interest Research Group (U.S. PIRG) Senior Analyst on Tax and Budget Policy explains the hidden tax subsidy likely to be in a settlement unless it’s prohibited

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News Release | U.S. PIRG | Public Health

Food Inspections: Are They Being Tackled Effectively to Combat Food-Borne Pathogens?

It is time that the USDA and the FDA modernize their food safety procedures to better protect us from the real hazards in food: deadly pathogens and microbial contaminants in our meats and fresh produce.

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News Release | U.S. PIRG | Budget

Facebook’s Tax Dodge Stands to Make Billions for Company and Zuckerberg

U.S. Senator Carl Levin isn’t necessarily the man you’d look to for the latest news about Facebook. The 77-year old was described by Time magazine as “pudgy, balding and occasionally rumpled, and he constantly wears his glasses at the very tip of his nose.” However, today he broke some shocking news on the Senate floor about special tax favors that Facebook and its CEO, Mark Zuckerberg, will enjoy at great cost to the U.S. Treasury.

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