Budget

News Release | WISPIRG Foundation | Budget

New Report: Wisconsin Receives an “F” in Annual Report on Transparency of Government Spending

Wisconsin received an “F” for government spending transparency, according to “Following the Money 2013: How the States Rank on Providing Online Access to Government Spending Data,” the fourth annual report of its kind by the WISPIRG Foundation. 
 

News Release | WISPIRG Foundation | Budget

Offshore Tax Dodging Blows $814 million Hole in WI Budget:

Today WISPIRG Foundation released a new report, "The Hidden Cost of Offshore Tax Loopholes," that exposes the double impact of tax haven abuse through lost state revenue, in addition to the federal impacts. Our research estimates that Wisconsin lost $812 million in tax revenue in 2012 due to these loopholes..

Report | WISPIRG Foundation | Budget, Tax

The Hidden Cost of Offshore Tax Havens

This report reveals how abuse of tax loopholes hurts taxpayers not just once, but twice, as the state of Wisconsin lost an estimated $814 million in revenue in 2012 due to offshore tax dodging

News Release | WISPIRG Foundation | Budget, Tax

Congresswoman Gwen Moore joins WISPIRG's call for closing offshore tax loopholes to avert fiscal cliff

As we work to push for closure of offshore tax loopholes as part of any fiscal cliff deal, Congresswoman Gwen Moore, co-sponsor of the Stop Tax Havens Abuse Act in the House, joins our call for Congressional leadership to act on this vital issue of public interest.

News Release | WISPIRG Foundation | Budget, Tax

First Step to Avoid the Fiscal Cliff: Close Offshore Tax Loopholes

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes, corporations and wealthy individuals shift the tax burden to ordinary Americans, who must pick up the tab in the form of cuts to public services, more debt, or higher taxes. The $150 billion lost annually to offshore tax havens is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

Report | WISPIRG Foundation | Budget, Tax

What America could do with $150 billion lost to offshore tax havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. By shielding their income from U.S. taxes, corporations and wealthy individuals shift the tax burden to ordinary Americans, who must pick up the tab in the form of cuts to public services, more debt, or higher taxes. The $150 billion lost annually to offshore tax havens is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

Report | WISPIRG Foundation | Budget

Leaving Taxpayers in the Dark

Despite legislative efforts at improvement since 2007, Wisconsin’s economic development subsidies lack transparency and accountability. According to the most recent data on the state website, over $414 million in business subsidies were dispensed in calendar years 2009 and 2010: a mixture of grants, loans, tax credits, and revenue bonds. But very little information is available about the goals of these subsidy programs, the outcomes at companies who receive them, or the benefit to the Wisconsin taxpayers who pay for them.

News Release | WISPIRG Foundation | Budget

New Report: $8.2 Million in Economic Development Subsidies from 2009-2010 Have Unknown Outcomes

Wisconsin taxpayers have access to almost no information about the outcomes from the millions of dollars invested in economic development subsidies from the past four years, according to a new Wisconsin Public Interest Research Group (WISPIRG) Foundation report, Leaving Taxpayers in the Dark: The Urgent Need to Improve Transparency and Accountability in Wisconsin’s Economic Development Subsidy Programs. The report finds that online transparency has gotten worse despite promises from state leaders to enhance transparency and accountability in these programs.

Media Hit | Budget

Wisconsin's spending transparency earns D-minus

Nine months after lawmakers passed a budget that included a provision to create a website showing state government expenditures of $100 or more, the information is not easily available to anyone with access to a computer.

Report | WISPIRG Foundation | Budget

Following the Money 2012

Wisconsin received a “D-” when it comes to government spending transparency, according to Following the Money 2012: How the States Rank on Providing Online Access to Government Spending Data, the third annual report of its kind by the Wisconsin Public Interest Research Group (WISPIRG). 

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