CALPIRG Blog

Out of these ten companies below, only one does not hide profits in an offshore tax haven:

* AIG
* American Express
* Bank of America
* Comcast
* Coca-Cola
* Dell
* Exxon-Mobil
* Home Depot
* Pepsi
* Pfizer

Go here to find out which company has NOT set up an offshore subsidery. While you are there, make sure to fill out our Tax Day Declaration to Congress, supporting Obama's proposal to close this tax loophole.

And then check out our new report, which calculates that offshore tax havens result in more than $11 billion a year in additional tax burden for Californians. Here's the coverage in the Huffington Post.  I spent the lunch hour with colleagues and volunteers from CALPIRG, MoveOn, and Health-Access outside of the Oakland post office, asking passersby (many of whom were mailing in their taxes to the IRS) to call Congress in support of President Obama's plan to close this unfair loophole in the budget. And, not surprisingly, most people agreed with us.

Watch the clip of Keith Olbermann highlighting our report on MSNBC.