Close Corporate Tax Loopholes News Releases

News Release | MASSPIRG Education Fund | Budget, Tax

Average Massachusetts Taxpayer Would Have to Pay $636 to Make Up for Offshore Tax Haven Abuse, Small Businesses, $3,349

“When corporations shirk their tax burden by shifting profits legitimately made in the U.S. to offshore tax havens like the Caymans, the rest of us must pick up the tab through either cuts to public spending priorities, higher taxes, or more debt...”

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News Release | MASSPIRG Education Fund | Democracy, Tax

Thirty Companies Contribute $41 Million to 524 Members of Congress, Receive $10.6 Billion in Tax Rebates

A new report released Wednesday, March 21st by MASSPIRG Education Fund and Citizens for Tax Justice (CTJ) found that thirty tax dodging corporations have made campaign contributions to 524 (98%) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members

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News Release | MASSPIRG | Budget, Tax

Amendment Passes to Crack Down on Offshore Tax Cheats

Statement of MASSPIRG’s Deirdre Cummings on the passage of the U.S. Senate Amendment 1818, introduced by Senators Levin, Conrad, and Whitehouse to the Transportation Bill.

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News Release | MASSPIRG | Budget, Tax

White House Plan to Close Special Interest Tax Loopholes Is the Right Approach to Reform, But Details Matter

Statement by Deirdre Cummings, Legislative Director, MASSPIRG in response to the White House announcement today proposing to eliminate tax loopholes and preferences. “The President has put forward the beginnings of a tax reform plan that takes the right approach, but is still missing critical details..."

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News Release | MASSPIRG | Budget, Tax

Seventy-Eight Corporations Paid Zero Dollars in Taxes on U.S. Profits, New Study Finds

New data reveals that 78 Fortune 500 companies did not pay any federal income taxes in at least one of the past three years, despite posting $160 billion in U.S. profits.

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News Release | MASSPIRG | Budget, Tax

Effort to Close Tax Breaks for Big Oil Fails in US Senate

U.S. Senate votes down S.B. 940 known as the Close Big Oil Tax Loopholes Act on May 17, 2011.

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News Release | MASSPIRG | Budget, Tax

Off-Shore Tax Havens Cost MA Taxpayers $608 a Year

Major corporations avoid a total of as much as $100 billion a year in federal taxes by “off-shoring” their US profits. Massachusetts taxpayers are left footing the bill.

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News Release | Budget, Tax

MASSPIRG’s Response to the Vote of the National Commission on Fiscal Responsibility and Reform

Statement of Deirdre Cummings, Legislative Director for MASSPIRG, on the 11 to 7 vote by the National Commission on Fiscal Responsibility and Reform in support of “The Moment of Truth: Report of the National Commission on Fiscal Responsibility and Reform,” released earlier this week.

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News Release | MASSPIRG | Budget, Tax

Unlikely Allies Uncover Billions in Federal Government Savings

As a federal commission continues to debate recommendations for addressing future federal deficits, a new study released today by the Massachusetts Public Interest Research Group (MASSPIRG) and the National Taxpayers Union (NTU) provides the panel with more than $600 billion of spending cuts with appeal across the political spectrum.

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News Release | MASSPIRG | Budget, Tax

Massachusetts 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, MASSPIRG is instead focused on the revenue lost every year – $100 billion – thanks to loopholes, tax avoidance and tax cheats.