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Media Hit | Democracy, Tax

WI Public Radio: PROPOSED LAW AIMS TO CONTROL CORPORATE SPENDING ON POLITICAL CAMPAIGNS

A new WISPIRG report focuses on thirty wealthy corporations that spent $2 billion lobbying for a wide range of legislation, yet paid little if any corporate taxes. WISPIRG spokesman Bruce Speight says in most cases they paid no taxes, "Twenty-nine of the 30 so deftly exploited the tax loopholes in our tax code that they boasted negative tax rates meaning they are getting money back from our government."

Report | WISPIRG Foundation | Democracy, Tax

Representation Without Taxation

Marking the second anniversary of the Supreme Court’s decision in the Citizens United vs. FEC case – which opened the floodgates to corporate spending on elections – this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and work to distort the tax code to avoid billions of dollars in taxes.

News Release | WISPIRG | Democracy, Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes

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 – WISPIRG and Citizens for Tax Justice reveal 30 corporations that spent more to lobby Congress than they did in taxes.

Media Hit | Tax

Plain Talk: Another report shows corporate taxes shrinking

A study of 265 profitable companies on the Fortune 500 list conducted by two nonprofit research organizations — Citizens for Tax Justice and the Institute on Taxation and Economic Policy — found that the corporate tax payments to states have been shrinking precipitously in recent years. In 1980, corporate income taxes made up 9.7 percent of state revenues and now they make up only an estimated 5.7 percent.

Report | WISPIRG Foundation | Tax

Corporate Tax Dodgers in the Fifty States, 2008-2010

This report uses data from the annual financial reports filed by some of the biggest and most profi table Fortune 500 corporations to shed light on this question—and to identify strategies for ensuring that state corporate income taxes will continue to play an important role in state tax systems going forward.

Media Hit | Tax

Biz Beat: State firms named in tax avoidance report

A new report is out showing — once again — that the largest and most profitable U.S. corporations manage to skirt paying state and local income taxes.

News Release | Institute on Taxation and Economic Policy | Tax

New Report Finds Profitable Wisconsin-Based Company Avoids State Taxes, Reports Rebates

A comprehensive new study from the Institute on Taxation and Economic Policy which profiles the 265 consistently profitable Fortune 500 corporations finds that 68 companies, including one company also headquartered in Wisconsin, paid no state corporate income tax in at least one of the last three years and 20 of these corporations averaged a tax rate of zero or less during the 2008-2010 period.

Issue | Tax

Close Corporate Tax Loopholes

No company should be able to game the tax system to avoid paying what it legitimately owes.

Media Hit | Tax

CBS Milwaukee: Companies with billions in profits pay no income tax

http://www.cbs58.com/news/youve-got-to-be-kidding/Companies-with-billions-in-profits-pay-no-income-tax-132512163.html

Most people think taxes are as certain as death, but a local consumer group says that’s not the case for the wealthy and the well-connected, including corporations that make billions and pay less than many individual Americans for income tax.

Report | WISPIRG Foundation | Tax

Tax Shell Game

According to “Tax Shell Games: How Much Did Offshore Tax Havens Cost You in 2010?” a new Wisconsin Public Interest Research Group (WISPIRG) report, the use of offshore tax havens results in $434 in additional tax burden for taxpayers around the country.  Here in Wisconsin, it’s $372 per taxpayer.

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