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News Release | CALPIRG Education Fund | Tax

Offshore Tax Havens Cost Average California Taxpayers $423 a Year, Each California Small Business $2,010

With tax day approaching, a new study released by CALPIRG found that the average California taxpayer in 2011 would have to shoulder an extra $423 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in California would have to foot a bill of over $2,010 on average.

News Release | CALPIRG | Tax

Amendment Passes to Crack Down on Offshore Tax Cheats

This amendment would give law enforcement officials important tools to stop foreign financial institutions in places like the Cayman Islands from aiding U.S. tax cheats, raising $900 million for public priorities like transportatio and deficit reduction.

News Release | U.S.PIRG | Tax

WILL BP’S MISDEEDS BE FURTHER SUBSIDIZED BY TAXPAYERS?

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 B.P. settlement unless it’s prohibited.

News Release | US PIRG | Budget

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."

News Release | CALPIRG | Tax

Report Shows Corporations Paying Few State Taxes

A comprehensive new study profiles the 265 consistently profitable Fortune 500 corporations and finds that 68 companies paid no state corporate income tax in at least one of the last three years and 20 of these corporations averaged a tax rate of zero or less during the 2008-2010 period.

News Release | CALPIRG | Budget, Tax

Supercommittee Squanders Opportunity to Cut Waste

Though the Supercommittee failed to seize an opportunity, Congress still has time to tackle waste and cut where there is common ground. Our joint report offers them a roadmap that we hope they’ll follow.

News Release | CALPIRG | Budget, Tax

Off-Shore Tax Havens Cost California Taxpayers $440 a Year

Major corporations and some individuals avoid a total of as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries. As a result, California taxpayers are left footing the bill.

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PRIORITY ACTION

Every year, our tax dollars pay for enough corn syrup and other junk food additives to buy 2.8 million Twinkies. It's time to stop subsidizing obesity.

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