Tax

News Release | U.S. PIRG Education Fund and Frontier Group | Tax

More than a third of U.S. states get an “F” for economic development transparency

More than one-third of U.S. states are failing to make critical information about how governments are subsidizing business projects with taxpayer dollars readily available to the public online, according to a new report from U.S. PIRG Education Fund and Frontier Group. Following the Money 2019, the organization’s tenth evaluation of online government spending transparency, gives 17 states a failing grade, while only four states received a grade of “B” or higher.

Report | WashPIRG Foundation and Frontier Group | Tax

Following the Money 2019

Our 10th report on government spending transparency rates all 50 states on the degree to which they make information about corporate tax breaks and other subsidies available online.

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

U.S. PIRG praises Sen. Sherrod Brown for including unpaid caregivers in the Earned Income Tax Credit

Sen. Sherrod Brown of Ohio has devised a creative way to ensure that Americans can maintain their quality of life, liberty and the pursuit of happiness as the nature of work changes.

News Release | US PIRG | Tax

U.S. PIRG Statement on House Tax Bill

Below is a statement from U.S. PIRG Program Advocate Michelle Surka on the proposed House tax bill's impacts on our debt:

“The Tax Cuts and Jobs Act, introduced this morning in the House, is an exercise in fiscal recklessness, exploding the budget deficit while failing to close the biggest tax loopholes and relying on gimmicks to obscure the impact on the national debt. Rather than make prudent trade-offs to achieve the President's promised tax cuts, this bill twists itself into knots attempting to distract from the bottom line: it will add trillions to our deficit."

News Release | WashPIRG | Tax

Deepwater Horizon Settlement Comes with $5.35 Billion Tax Windfall

Today’s announcement by the U.S. Department of Justice of a proposed $20.8 billion out-of-court settlement with BP to resolve charges related to the Gulf Oil spill allows the corporation to write off $15.3 billion of the total payment as an ordinary cost of doing business tax deduction. The majority of the settlement is comprised of tax deductible natural resource damages payments, restoration, and reimbursement to government, with just $5.5 billion explicitly labeled a non-tax-deductible Clean Water Act penalty. This proposed settlement would allow BP to claim an estimated $5.35 billion as a tax windfall, significantly decreasing the public value of the agreement, and nearly offsetting the cost of the non-deductible penalty.

News Release | WashPIRG Foundation | Tax

Washington Small Businesses Foot $2,116 Bill from Offshore Tax Dodging

As Tax Day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. A new study by the WashPIRG Foundation revealed that the average Washington small business owner would have to pay an extra $2,116 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.  

Report | WashPIRG | Tax

Picking Up the Tab

As Tax Day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. A new study by the WashPIRG Foundation revealed that the average Washington small business owner would have to pay an extra $2,116 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.  

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.

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