Tax

Report | U.S. PIRG | Tax

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to tax haven countries with minimal or no taxes. These tax haven users benefit from their access to America’s markets, workforce, infrastructure and security; but they pay little or nothing for it—violating the basic fairness of the tax system and forcing other taxpayers to pick up the tab.

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

Release of New Report: Loopholes for Sale

A new report released Wednesday, March 21 by U.S. PIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members. The report, Loopholes for Sale: Campaign Contributions by Corporate Tax Dodgers, examines campaign contributions made by a total of 280 profitable Fortune 500 companies in 2006, 2008, 2010 and to date in 2012.

Report | U.S. PIRG Education Fund | Budget, Democracy, Tax

Loopholes for Sale

A new report by U.S. PIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members. The report, Loopholes for Sale: Campaign Contributions by Corporate Tax Dodgers, examines campaign contributions made by a total of 280 profitable Fortune 500 companies in 2006, 2008, 2010 and to date in 2012.

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.

 

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

News Release | U.S. PIRG | Tax

White House Plan to Close Special Interest Tax Loopholes Is the Right Approach to Reform, But Details Matter

The President has put forward the beginnings of a tax reform plan that takes the right approach, but is still missing critical details. America needs a level playing field where businesses succeed by being more productive and innovative, not by hiding profits in the Cayman Islands or other tax havens. By ending special-interest tax preferences, the administration plan could help the economy and reduce debt, while addressing public outrage about large companies dodging their taxes.

What Do Jon Stewart, Elizabeth Warren, and Barack Obama Have In Common?

By | Dan Smith
Tax and Budget Advocate

All three of them spoke out this week against corporate tax dodging.

In his State of the Union speech, President Obama called for an economy where “everyone plays by the same set of rules” and where companies can’t avoid taxes by shifting profits overseas. That same night, Massachusetts Senate candidate Elizabeth Warren went on the Daily Show and called out 30 corporations that a recent U.S. PIRG and Citizens for Tax Justice study found paid more to lobby Congress than they did in federal income taxes. When Warren told this to John Stewart on the Daily Show, it made the usually unflappable comedian’s jaw drop.

Nuclear Power and the Threat to Drinking Water

In the United States, 49 million Americans receive their drinking water from surface sources located within 50 miles of an active nuclear power plant.

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

Obama: Companies Shouldn’t Dodge Taxes

Statement of US PIRG Tax and Budget Associate Dan Smith on President Obama’s State of the Union Address.

News Release | U.S. PIRG Education Fund | Tax

Tax Havens Used by Romney and Large Corporations Cost Taxpayers Billions

With the heightened attention paid to Mitt Romney’s use of offshore tax havens, it is important to remember that tax havens are more than just an electoral issue. Tax havens are a serious policy matter that profoundly affects ordinary Americans, our economy, our national debt and our long-term competitiveness.

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