Tax

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 Education Fund | Tax

Report Shows Fortune 500s Pay Few State Taxes

A comprehensive new study profiles consistently profitable Fortune 500 companies and how much they paid in state income taxes. For example, Insight Enterprises, headquartered in Arizona, paid only 0.9% in income taxes from 2008-2010.

Report | Arizona PIRG Education Fund | Food, Tax

Apples to Twinkies

America is facing an obesity epidemic – one that’s hitting children especially hard. The rise in childhood obesity has many causes, but one of the most important is the increased prevalence of high-fat, heavily sweetened junk food.  And shockingly, American taxpayers are spending billions to subsidize junk food ingredients, making the problem worse.

News Release | Arizona PIRG Education Fund | Tax

New Report: Subsidies Pay for 19 Twinkies per Arizona Taxpayer

Federal subsidies for commodity crops are also subsidizing junk food additives like high fructose corn syrup, enough to pay for 19 Twinkies per Arizona taxpayer every year, according to Apples to Twinkies.

Report | Arizona PIRG Education Fund | Tax

Tax Shell Game 2011

Tax havens are countries with minimal or no taxes, to which U.S.-based multinational firms or individuals transfer their earnings to avoid paying taxes in the United States. Users of tax havens benefit from access to America’s markets, workforce, infrastructure and security, but pay little or nothing for it—violating the basic fairness of the tax system. Abuse of tax havens inflicts a price on other American taxpayers, who must pay higher taxes—now or in the future—to cover the government’s revenue shortfall, or must deal with cuts in government services.

News Release | Arizona PIRG Education Fund | Tax

Off-Shore Tax Havens Cost Average Arizona Taxpayer $290 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, taxpayers in Arizona and across the nation are left footing the bill.

Report | Arizona PIRG Education Fund | Tax

Tax Shell Game 2010

The IRS estimates that individuals and corporations currently hold $5 trillion in tax haven countries and asserts that the United States is responsible for a large portion of these assets.  Many corporations operating in the United States funnel money through offshore tax havens in order to avoid paying billions in U.S. taxes. In fact, an independent study found that nearly two-thirds of corporations pay no taxes at all.

News Release | Arizona PIRG Education Fund | Tax

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, the Arizona PIRG Education Fund is instead focused on the $100 billion in revenue lost every year due to loopholes, tax avoidance and tax cheats.

News Release | Arizona PIRG Education Fund | Tax

Report Recommends Closure of Off-Shore Tax Havens for Corporate America

According to Tax Shell Game, a new report released today by the Arizona PIRG Education Fund, major U.S. corporations avoid as much as $100 billion a year in federal taxes by hiding profits in foreign countries.  This loophole results in over $1.3 billion in additional tax burdens for Arizona taxpayers.

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