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News Release | PIRGIM | Tax

Offshore Tax Havens Cost Average Michigan Taxpayers $310 a Year, Each Michigan Small Business $1,561, New Study Finds

With tax day approaching, a new study released by PIRGIM found that the average Michigan taxpayer in 2011 would have to shoulder an extra $310 tax burden make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report additionally found that to cover the cost of corporate abuse of tax havens in 2011, small businesses in Michigan would have to foot a bill of $1,561 on average.

News Release | PIRGIM | Tax

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

Statement by Meghan Hess, PIRGIM Program Associate, in response to the White House announcement today proposing to eliminate tax loopholes and preferences.

News Release | PIRGIM | Tax

New Legislation Would Close Corporate Tax Loopholes, Save Taxpayers $155 Billion

“The CUT Loopholes Act, introduced by Senators Carl Levin and Kent Conrad, goes a long way in making sure corporations play by the same rules as ordinary taxpayers."

News Release | PIRGIM | Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress Than They Did in Federal Income Taxes, PIRGIM Study Shows

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – PIRGIM, with allies from the Michigan Campaign Finance Network, revealed 30 corporations that spent more to lobby Congress than they did in taxes—including three companies headquartered in Michigan.

News Release | PIRGIM Education Fund | Tax

Off-Shore Tax Havens Cost Michigan Taxpayers $295 a Year

Michigan taxpayers gathered at the Royal Oak post office on Monday to show their support for closing loopholes that allow 83 of the 100 largest corporations in America to avoid an estimated $100 billion a year in taxes by hiding their profits overseas.

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The CUT Loopholes Act would put an end to the price and profit shifting that allows publicly traded companies to engage in pervasive tax avoidance.

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