Tax

News Release | Arizona PIRG Education Fund | Tax

NEW REPORT: Arizona Receives "B" in Annual Report on Transparency of Government Spending

Arizona received a “B” when it comes to government spending transparency, according to Following the Money 2016: How the 50 States Rate in Providing Online Access to Government Spending Data, the seventh annual report of its kind by the Arizona PIRG Education Fund.

Report | Arizona PIRG Education Fund | Tax

Following the Money 2016

This seventh annual evaluation of state transparency websites finds that states continue to make progress toward comprehensive, one-stop, one-click transparency and accountability for state government spending. In 2015, several states launched new and improved websites to better open the books on public spending, or have adopted new practices to further expand citizens’ access to critical spending information. Several states, however, continue to lag behind. See how Arizona ranks in the report.

News Release | Arizona PIRG Education Fund and Citizens for Tax Justice | Tax

Study: 72% of Fortune 500 Companies Used Tax Havens

Tax loopholes encouraged more than 72 percent of Fortune 500 companies – including companies in Arizona – to maintain subsidiaries in offshore tax havens as of 2014, according to “Offshore Shell Games,” released today by Arizona PIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 65 percent of the total, or $1.35 trillion. According to the report, offshore tax loopholes used by U.S. corporations cost Arizona $200 million in state tax revenue. 

Report | Arizona PIRG Education Fund and Citizens for Tax Justice | Tax

Offshore Shell Games 2015

U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their full share, many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their profits are generated in offshore tax havens, countries with minimal or no taxes where a company’s presence may be as little as a mailbox. Multinational corporations’ use of tax havens allows them to avoid an estimated $90 billion in federal income taxes each year.

News Release | Arizona PIRG Education Fund | Tax

Arizona Small Businesses Foot $2,213 Bill from Offshore Tax Dodging

According to Picking up the Tab: Small Businesses Pay the Price for Offshore Tax Havens, a new report by the Arizona PIRG Education Fund, the average Arizona small business owner would have to pay an extra $2,213 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations. 

Report | Arizona PIRG Education Fund | Tax

Picking up the Tab 2015

Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their federal and state income tax liabilities by billions of dollars. While tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law – all supported in one way or another by tax dollars – they continue to avoid paying for these benefits.

Report | Arizona PIRG Education Fund | Tax

Following the Money 2015

Every year, state governments spend hundreds of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are spent as well as possible.

News Release | Arizona PIRG Education Fund | Tax

As part of Sunshine Week, Arizona Receives "B" in Annual Report on Transparency of Government Spending

Arizona received a “B” when it comes to government spending transparency, according to the Arizona PIRG Education Fund’s annual report “Following the Money 2015: How the 50 States Rate in Providing Online Access to Government Spending Data.”

News Release | Arizona PIRG | Tax

BP Could Take $6.3 Billion Tax Deduction For Gross Negligence In Deepwater Horizon Spill

As a result of a U.S. District Judge finding British Petroleum (BP) grossly negligent in its role in the Deepwater Horizon disaster, BP will likely pay up to $18 billion for violations of the Clean Water Act. But if the Environmental Protection Agency fails to specifically forbid it, BP could take a tax windfall of up to $6.3 billion from a settlement deal, effectively shifting over a third of the cost back onto taxpayers.

Today we joined with Good Jobs First and organizations in California, Nevada, New Mexico, and Texas to send a letter to elected officals about Tesla Motors.

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