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News Release | MASSPIRG Education Fund | Budget, Tax

Offshore Tax Dodging Blows a $1.6 Billion Hole in Massachusetts Budget

With Massachusetts in the midst of a budget crisis, MASSPIRG, joined by business leaders and elected officials, released a new study revealing that Massachusetts lost $1.6 billion due to offshore tax dodging in 2012. Many of America’s wealthiest individuals and largest corporations, including Wells Fargo, Citigroup, McDonalds, Target, Costco, Exxon Mobil, Intel, and Coca-Cola, and Sears  use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.

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Report | MASSPIRG Education Fund | Budget, Tax

The Hidden Costs of Offshore Tax Havens

When U.S. corporations and wealthy individuals use offshore tax havens to avoid paying taxes to the federal government, it is an abuse of our tax system. Tax haven abusers benefit from our markets, infrastructure, educated workforce, and security, but they pay next to nothing for these benefits. Ultimately, taxpayers must pick up the tab, either in the form of higher taxes, cuts to public spending priorities, or increased national debt. Massachusetts alone lost $1.66 billion in 2012.

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News Release | MASSPIRG, Coalition to Update the Bottle Bill | Solid Waste

Updated Bottle Bill Builds Steam

In a sign that the Updated Bottle Bill has more support on Beacon Hill than ever before, the final tally of cosponsors in the Legislature included the highest number the bill has ever garnered, coming at at 95 (75 in the House, 25 in the Senate). Giving the measure even more momentum, on Friday, Executive Office of Energy and Environmental Affairs Secretary Rick Sullivan proposed an increase in the bottle bill handling fee.  This handling fee (which has nothing to do with the 5-cent deposit) is what the bottling industry pays redemption centers, grocery stores, and other businesses for collecting and transporting bottles and cans for recycling.

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Media Hit | Budget, Tax

Bill aims to woo Broadway-bound shows

Deirdre Cummings, the legislative director for the Massachusetts Public Interest Research Group, does not want any new tax credits until there is a proper study done to determine the value of existing credits.

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News Release | MASSPIRG | Consumer Protection, Financial Reform

MASSPIRG Commends President for Renomination of Richard Cordray to Head CFPB

President renominates Richard Cordray as director of the Consumer Financial Protection Bureau.

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Stick to Stickers

Shoppers need more and clearer price information, not less. The bill gutting the price sticker law, passed in the House last week in an informal legislative session with no recorded roll call vote, is a pro-big-business, anti-consumer bill. Let’s hope the Senate will stand up for consumers.

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Utility Power Outages on the Rise

Cummings, Legislative Director for MASSPIRG, pins the lack of in-depth analysis on the move to deregulate the power industry in Massachusetts more than a decade ago. “If we keep going on this path, we will have more weeks out of the year where we don’t have power and consumers will end up paying more,” she said

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Media Hit | Tax

Bay State lags in business subsidy successes

Watchdogs say the Bay State’s tax credit program lacks oversight. State subsidies have come under scrutiny in the wake of last year’s failure of Evergreen Solar. Rhode Island taxpayers are on the hook for 38 Studios, which defaulted on a $1.125 million loan payment earlier this month after the firm was lured away from Massachusetts last year by $75 million in loans. Deirdre Cummings of MassPIRG said Massachusetts doesn’t consistently track whether subsidized companies create jobs they promised to when they received multimillion-dollar tax credits. “These are taxpayer dollars. We have to be able to show it was a worthwhile investment, and there is absolutely no way to know,” she said.

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News Release | Consumer Protection

House Passes Bill to Remove Prices From Groceries

It soon may be harder for Massachusetts shoppers to find out the price of groceries if a bill that today quietly passed the House without even a roll call vote becomes law. “This is bad news for shoppers, and for democracy.  To take away consumer rights without a recorded roll call vote is unconscionable,” said Deirdre Cummings, MASSPIRG legislative director.  “This is a pro-big-business bill that will hurt all shoppers.”

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Media Hit | Solid Waste

Still waiting for state’s master plan to reduce solid waste

While it’s cause for great celebration that Massachusetts is planning to reduce waste, it’s also a reminder that the Department of Environmental Protection has yet to produce the solid waste master plan — the comprehensive, 10-year waste plan required by law. We can’t help feeling like we’re at the celebration, blindfolded, with a tail in our hands but no donkey on the wall.

 

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