Tax

A New Direction In Driving Trends

After a 60 year boom, driving is on the decline in the U.S. and no likely scenario shows it returning to previous levels of growth. 

Report | Arizona PIRG | 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.

News Release | Arizona PIRG | Tax

Offshore Tax Havens Cost Average Arizona Taxpayer $803 This Year

As Tax Day approaches, a new study from Arizona PIRG revealed that the average Arizona taxpayer in 2012 would have to shoulder an extra $803 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals.

Taxpayers deserve to know how their money is being spent

By | Serena Unrein
Public Interest Advocate

This legislative session, Arizona PIRG has made it a priority to testify before the state legislature on the need for transparency and accountability in corporate tax credits. Already lawmakers have considered several bills that would enact new tax credits or expand existing ones.

News Release | Arizona PIRG Education Fund | Tax

Offshore Tax Dodging Blows a $503M Hole in Arizona’s Budget

As Arizona lawmakers are soon to begin discussing the state budget for the next fiscal year, the Arizona PIRG Education Fund released a new study, The Hidden Cost of Offshore Tax Havens: State Budgets under Pressure from Tax Loophole Abuse, revealing that the State of Arizona lost $503 million due to offshore tax dodging in 2012.

Report | Arizona PIRG Education Fund | Tax

The Hidden Cost of Offshore Tax Havens

When U.S. corporations and wealthy individuals use offshore tax havens to avoid paying taxes to the federal government, it is an abuse of our tax system. Tax haven abusers benefit from our markets, infrastructure, educated workforce, and security, but they pay next to nothing for these benefits. Ultimately, taxpayers must pick up the tab, either in the form of higher taxes, cuts to public spending priorities, or increased national debt.

News Release | Arizona PIRG Education Fund | Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A new report spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government can claim such settlement payments as tax-deductible business expenses.

Report | Arizona PIRG Education Fund | Tax

Subsidizing Bad Behavior

Corporations accused of wrongdoing commonly settle legal disputes with government regulators out of court. Doing so allows both the company and the government to avoid going to trial and the agency gets to appear as if it is teaching the company a lesson for its misdeeds. However, very often the corporations deduct the costs of the settlement on their taxes as an ordinary business expense, shifting a significant portion of the burden onto ordinary taxpayers to pick up the tab.

News Release | Arizona PIRG Education Fund | Tax

This Time, Taxpayers Shoulder None of $4.5 Billion BP Settlement Deal

In great news for taxpayers, unlike earlier settlements from the Gulf Oil spill, the settlement the U.S. Justice Department negotiated with BP stipulated that none of the penalties paid are tax-deductible.

News Release | Arizona PIRG | Tax

U.S. Senate Finance Votes to Extend Expensive Offshore Tax Loopholes

With only one day’s notice to the public, the U.S. Senate Committee on Finance approved a package of tax “extenders” that included two provisions that will force taxpayers to pick up a $12.7 billion tab over the next two years by reinstating expired loopholes and tax preferences that allow some multinational companies to shift income offshore and avoid U.S. taxes.

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