Tax

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.

News Release | WISPIRG | Democracy, Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – WISPIRG and Citizens for Tax Justice reveal 30 corporations that spent more to lobby Congress than they did in taxes.

Media Hit | Tax

Plain Talk: Another report shows corporate taxes shrinking

A study of 265 profitable companies on the Fortune 500 list conducted by two nonprofit research organizations — Citizens for Tax Justice and the Institute on Taxation and Economic Policy — found that the corporate tax payments to states have been shrinking precipitously in recent years. In 1980, corporate income taxes made up 9.7 percent of state revenues and now they make up only an estimated 5.7 percent.

Report | WISPIRG Foundation | Tax

Corporate Tax Dodgers in the Fifty States, 2008-2010

This report uses data from the annual financial reports filed by some of the biggest and most profi table Fortune 500 corporations to shed light on this question—and to identify strategies for ensuring that state corporate income taxes will continue to play an important role in state tax systems going forward.

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