Tax

Report | OSPIRG Foundation and Citizens for Tax Justice | Tax

OFFSHORE SHELL GAMES 2015

U.S.-based multinational corporations are allowed to play by a different set of rules than small and domestic businesses or individuals when it comes to the tax code. Rather than paying their full share, many multinational corporations use accounting tricks to pretend for tax purposes that a substantial portion of their profits are generated in offshore tax havens, countries with minimal or no taxes where a company’s presence may be as little as a mailbox. Multinational corporations’ use of tax havens allows them to avoid an estimated $90 billion in federal income taxes each year.

Issue | Budget, Tax

Stop Offshore Tax Havens

Keeping corporations from avoiding their taxes through offshore tax havens.

News Release | OSPIRG Foundation | Tax

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including Nike in Oregon – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by OSPIRG Foundation and Citizens for Tax Justice.

Report | OSPIRG Foundation | Tax

Offshore Shell Games 2014

This study examines the use of tax havens by Fortune 500 companies in 2013. It reveals that tax haven use is ubiquitous among America’s largest companies, but a narrow set of companies benefit disproportionately.   

News Release | OSPIRG Foundation | Tax

Poll: Public Wants Federal Agencies to Disclose and Restrict Corporate Tax Write Offs for Out-of-Court Settlements

A new poll shows that Americans want federal agencies to better disclose information about out-of-court settlements with corporations and to restrict companies from writing off these payments as tax deductions.

News Release | OSPIRG Foundation | Tax

Oregon Receives an “A-” in Annual Report on Transparency of Government Spending

Oregon received an “A-” and ranked 2nd in the country for government spending transparency, according to “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the OSPIRG Foundation.

Report | OSPIRG Foundation | Tax

Following the Money 2014

This report, OSPIRG Foundation’s fifth annual evaluation of state transparency websites, finds that states are making progress toward comprehensive, one-stop, one-click transparency and accountability for state government spending. 

News Release | OSPIRG Foundation | Tax

Despite Improvements in Reporting, Some Information on Economic Development Tax Subsidies Still Remains Out of Public View

A new study released today by OSPIRG Foundation examined the reports made available on Oregon’s transparency website as a result of a three-year old transparency law, and found that while the largest and most widely used economic development subsidy programs covered by the law have information made available to the public online, key information is still shielded from public view.

Report | OSPIRG Foundation | Tax

Revealing Tax Subsidies 2014

This study examines the third annual update of the reports made available by the law on the Oregon Transparency Website in 2014. It evaluates how well the law is being followed and the degree to which the new information helps the public determine the value of these programs.

Report | OSPIRG | Tax

Closing the Billion Dollar Loophole

Every year, corporations use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their state and federal income tax liability by billions of dollars. Montana and Oregon have passed laws to curb offshore tax haven abuse and collect tax revenue that otherwise would be lost. 

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