Tax

Media Hit | Tax

Bruce Speight - La Crosse Tribune Op:ed: Tax code leaves us picking up the tab

This week, hard-working people and small business owners in La Crosse and all around the country will file their tax returns. Many would be shocked to hear about an invisible tax burden put on them this year by some of the largest, most profitable corporations.

News Release | WISPIRG | Tax

Congresswoman Moore Statement on Offshore Tax Havens

Congresswoman Moore Statement on Offshore Tax Havens and WISPIRG "Picking Up the Tab" Report.

Report | WISPIRG Foundation | Tax

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to tax haven countries with minimal or no taxes. These tax haven users 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 | WISPIRG Foundation | Tax

Offshore Tax Havens Cost Average Wisconsin Taxpayers $372 a Year, Each Wisconsin Small Business $2,165, New Study Finds

With tax day approaching, a new study released by WISPIRG found that the average Wisconsin taxpayer in 2011 would have to shoulder an extra $372 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that the average additional tax burden shouldered by Wisconsin small businesses added up to $2,165 due to the “offshoring” of profits by large corporations.

Media Hit | Tax

Representatives Ryan and Kind Top List For Receiving Corporate Campaign Contributions

WISPIRG has crunched the numbers on corporate campaign dollars from tax-dodging Fortune 500 companies who contributed to the Wisconsin delegation. At the top of the list are Republican Paul Ryan and Democrat Ron Kind, both of whom sit on the powerful, tax-writing Ways and Means Committee.

Report | WISPIRG | Tax

Loopholes for Sale

A new report by WISPIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members.

News Release | WISPIRG | Tax

Thirty Companies Contribute $41 Million to 524 Members of Congress, Receive $10.6 Billion in Tax Rebates – Ryan, Kind Biggest Wisconsin Recipients

A new report released today by WISPIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members.

News Release | WISPIRG | Tax

Amendment Passes to Crack Down on Offshore Tax Cheats

The U.S. Senate took the first step toward reining in rampany offshore tax dodging on March 8 by approving an amendment to the Transportation bill introduced by Senators Carl Levin and Kent Conrad that would crack down on offshore tax cheats.

Media Hit | Democracy, Tax

WI Public Radio: PROPOSED LAW AIMS TO CONTROL CORPORATE SPENDING ON POLITICAL CAMPAIGNS

A new WISPIRG report focuses on thirty wealthy corporations that spent $2 billion lobbying for a wide range of legislation, yet paid little if any corporate taxes. WISPIRG spokesman Bruce Speight says in most cases they paid no taxes, "Twenty-nine of the 30 so deftly exploited the tax loopholes in our tax code that they boasted negative tax rates meaning they are getting money back from our government."

Report | WISPIRG Foundation | Democracy, Tax

Representation Without Taxation

Marking the second anniversary of the Supreme Court’s decision in the Citizens United vs. FEC case – which opened the floodgates to corporate spending on elections – this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and work to distort the tax code to avoid billions of dollars in taxes.

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