Tax

News Release | Institute on Taxation and Economic Policy | Tax

New Report Finds Profitable Wisconsin-Based Company Avoids State Taxes, Reports Rebates

A comprehensive new study from the Institute on Taxation and Economic Policy which profiles the 265 consistently profitable Fortune 500 corporations finds that 68 companies, including one company also headquartered in Wisconsin, paid no state corporate income tax in at least one of the last three years and 20 of these corporations averaged a tax rate of zero or less during the 2008-2010 period.

Media Hit | Tax

Biz Beat: State firms named in tax avoidance report

A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes.

Media Hit | Tax

CBS Milwaukee: Companies with billions in profits pay no income tax

http://www.cbs58.com/news/youve-got-to-be-kidding/Companies-with-billions-in-profits-pay-no-income-tax-132512163.html

Most people think taxes are as certain as death, but a local consumer group says that’s not the case for the wealthy and the well-connected, including corporations that make billions and pay less than many individual Americans for income tax.

News Release | WISPIRG | Tax

Off-Shore Tax Havens Cost Wisconsin Taxpayers Over $370 a Year

Major corporations and some individuals avoid a total of as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries. As a result, Wisconsin taxpayers are left footing the bill.

Report | WISPIRG Foundation | Tax

Tax Shell Game

According to “Tax Shell Games: How Much Did Offshore Tax Havens Cost You in 2010?” a new Wisconsin Public Interest Research Group (WISPIRG) report, the use of offshore tax havens results in $434 in additional tax burden for taxpayers around the country.  Here in Wisconsin, it’s $372 per taxpayer.

News Release | WISPIRG | Tax

Wisconsin Taxpayers Footing a $100 Billion Bill for Tax Dodgers

While a lot of attention is given on Tax Day to how tax dollars are spent, one watchdog group is instead focused on the revenue lost every year – $100 billion – thanks to loopholes, tax avoidance and tax cheats. Each year, major corporations and individuals avoid as much as $100 billion a year in federal taxes by “off-shoring” the money they make here in the U.S. or by setting up sham headquarters in tax haven countries. Taxpayers are left footing the bill.

Result | Tax

Closing a Corporate Tax Loophole

WISPIRG advocacy contributed to closing a corporate tax loophole that levels the playing field for Wisconsin-based businesses by preventing multi-state companies from using out-of-state subsidiaries to avoid paying their taxes.

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