Tax

News Release | WashPIRG | Budget, Tax

Offshore Tax Havens Cost Average Washington Taxpayer $1,172 a Year, Washington Small Business $4,166

SEATTLE – As hardworking Americans breathe a sigh of relief getting their taxes in, it’s a good time to be reminded of how ordinary taxpayers pick up the tab for the loopholes in our tax laws. WashPIRG was joined today by Gerald Hankerson, Director of Washington’s Main Street Alliance, and Theo Martin, owner of Island Soul Restaurant, to release a new study which revealed that the average Washington taxpayer in 2013 would have to shoulder an extra $1,172 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. 

Report | WashPIRG | Tax

Picking Up the Tab 2014

As hardworking Americans file their taxes today, check out this report to see how ordinary taxpayers pick up the tab for the loopholes in our tax laws.

News Release | WashPIRG Foundation | Budget, Financial Reform, Tax

New Report: Washington Receives a “B” in Annual Report on Transparency of Government Spending

SEATTLE – Washington State received a “B” when it comes to government spending transparency, according to “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the Washington State Public Interest Research Group Foundation and U.S.PIRG Education Fund.

Report | WashPIRG Foundation | Budget, Financial Reform, Tax

Following the Money

Washington State received a “B” when it comes to government spending transparency, according to “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the Washington State Public Interest Research Group Foundation. 

Report | WashPIRG | Tax

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity. 

News Release | WashPIRG | Tax

Ag Subsidies Pay for 20 Twinkies per Taxpayer, But Only Half of an Apple Apiece

Federal subsidies for commodity crops are subsidizing junk food additives like high-fructose corn syrup, at a rate that would buy 20 Twinkies for each taxpayer every year, according to WashPIRG’s new report, “Apples to Twinkies 2013.” Meanwhile, limited subsidies for fresh fruits and vegetables would buy one half of an apple per taxpayer.  These subsidies are part of the Farm Bill that expires in September. Both the Farm Bill approved by the U.S. Senate and the one that passed the House last Thursday would continue these subsidies. 

Label Genetically Modified Foods

To make smart, informed choices about what we consume, we should be allowed to know what’s in our food.

Issue | Health Care

Fighting The High Cost Of Rx Drugs

Brand-name drug companies have been paying off generic drug makers to delay competition and keep prices high. This widespread pay-for-delay scheme needs to be put to an end. 

News Release | WashPIRG | Tax

Offshore Tax Havens Cost Average Washington Taxpayer $1,091 a Year, Washington Small Business $3,616

With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going. WashPIRG released a new study which reveals that the average Washington taxpayer in 2012 would have to shoulder an extra $1,091 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. 

Report | WashPIRG | Tax

Picking Up the Tab 2013

Some U.S.-based multinational firms and individuals avoid paying U.S. taxes by using accounting tricks to shift profits made in America to offshore tax havens—countries with minimal or no taxes. They 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.

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