Budget

News Release | CALPIRG | Budget

New Legislation Introduced to Close Offshore Tax Loopholes

Statement of CALPIRG Field Director on the introduction of the Stop Tax Haven Abuse Act by Congressman Lloyd Doggett (D-TX) and 45 original cosponsors, including eight members from the California delegation. Among other provisions, this legislation would close a number of loopholes that let corporations and wealthy individuals shift income to offshore tax havens to avoid paying taxes.

News Release | CALPIRG | Budget

Offshore Tax Havens Cost Average California Taxpayer $1,265 a Year, California Small Business $3,524

With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going.   CALPIRG released a new study which revealed that the average California taxpayer in 2012 would have to shoulder an extra $1265 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals.

Report | CALPIRG | Budget

Picking Up the Tab 2013

Academic studies conclude tax haven abuse costs the United States approximately $150 billion in tax revenues every year. Multinational corporations account for $90 billion and individuals the rest.  Even when tax haven abusers act perfectly legally, they force other Americans to shoulder their tax burden. Every dollar in taxes they avoid by using tax havens must be balanced by other Americans paying higher taxes, coping with cuts to government programs, or increasing the federal debt. 

 

News Release | CALPIRG Education Fund | Budget

New Report: California Receives an “F” in Annual Report on Transparency of Government Spending

California received an “F” when it comes to government spending transparency, according to “Following the Money 2013: How the States Rank on Providing Online Access to Government Spending Data,” the fourth annual report of its kind by the CALPIRG Education Fund.  

Report | CALPIRG Education Fund | Budget

Following the Money 2013

Every year, state governments spend tens of billions of dollars through contracts with private entities for goods and services, subsidies to encourage economic development, grants, and other forms of spending. Accountability and public scrutiny are necessary to ensure that state funds are well spent. In comparison to the other 49 states, California is failing to provide taxpayers with transparency in government spending. 

Media Hit | Budget

The Conversation: Tax havens let billions vanish into thin air

Pulitzer Prize wining author David Cay Johnston uses our report for the theme in his op-ed, explaining how ordinary taxpayers bear the cost of tax havens and loopholes "through higher state taxes, fewer services or the state taking on more debt to fund current operations".
Read more here: http://www.sacbee.com/2013/02/17/5194645/tax-havens-let-billions-vanish....

Media Hit | Budget

Editorial: City gets poor grade for transparency

In a report out this month, the U.S. Public Interest Research Group ranked Sacramento next to last among 30 large cities in providing online databases of its spending with "checkbook level" detail. The study also looked at how easily residents can track their service requests online.

News Release | CALPIRG Education Fund | Budget, Democracy, Tax

California Cities Are Nation’s Best & Worst for Spending Transparency

New report reviews and grades the nation’s thirty largest cities on how effectively they allow the public to track budgets, contracting, subsidies, grants and requests for quality-of-life services.

Report | CALPIRG Education Fund | Budget, Democracy

Transparency in City Spending

New Report Compares California Cities to Other Major Cities Across America

Report | CALPIRG Education Fund | Budget

Subsidizing Bad Behavoir

Corporations accused of wrongdoing commonly settle legal disputes with government regulators out of court. Do- ing 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. How- ever, 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.

 

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