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News Release | CoPIRG Foundation and Citizens for Tax Justice | Tax

Study: 72% of Fortune 500 Companies Used Tax Havens in 2014

 

Denver, October 6 – Tax loopholes encouraged more than 72 percent of Fortune 500 companies – including Western Union, Level Three Communications, and Arrow Electronics here in Colorado – to maintain subsidiaries in offshore tax havens as of 2014, according to “Offshore Shell Games,” released today by CoPIRG Foundation and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 65 percent of the total, or $1.35 trillion.

 

 

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Report | CoPIRG 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.

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Blog Post | Consumer Protection

We went to a VW Dealership today | Danny Katz

Today, I went to a VW dealership with one of the 482,000 VW owners who unknowingly purchased a “clean” diesel vehicle that was designed to get away with violating the law. I went there to encourage dealerships to join with VW customers and call on VW to give people their money back for these misleading vehicles.

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News Release | CoPIRG | Consumer Protection

Volkswagen Customer Asks Dealership & Headquarters to Buy Back Defective Diesel Car

This morning, Marcus Moench, a Boulder resident, drove to the Gebhardt Volkswagen dealership and asked the dealership to buy back his 2010 Jetta Sportswagen TDI diesel car at the full original purchase price, not the current “blue book” value, to compensate for the harm of being deceived into driving a polluting vehicle. This action is part of the CoPIRG Foundation’s “Make VW Pay” campaign to hold Volkswagen accountable for deceiving half a million U.S. consumers into buying pollution-spewing cars that led to massive, undeserved profits.

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News Release | CoPIRG | Consumer Protection

We Launch “Make VW Pay Campaign” Over EPA Cheating Scandal

We launched a “Make VW Pay Campaign” as VW's CEO resigned over the scandal surrounding its "defeat device" scheme (and subsequent cover-up) to trick EPA pollution monitoring computers in nearly half a million diesel cars sold in the U.S. We are demanding a full rebate in buy backs to customers and other accountability.

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Media Hit | Food

Opinion: Glass Half Full...of Corn Syrup

Opinion piece by Director Danny Katz on ending agricultural subsidies that fuel obesity.

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News Release | CoPIRG

Thousands are Missing Out on Energy Cost Savings

Thousands of Coloradans are missing out on important energy costs savings program simply because of the side of the street they live on according to a new report released today by CoPIRG

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News Release | CoPIRG Foundation | Safe Energy

Thousands are Missing Out on Energy Cost Savings

Thousands of Coloradans are missing out on important energy costs savings program simply because of the side of the street they live on according to a new report released today by CoPIRG

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News Release | CoPIRG | Food

Ag Subsidies Pay for 19 Twinkies per Taxpayer, But Only a Quarter of an Apple Apiece

Federal subsidies for commodity crops are also subsidizing junk food additives like high fructose corn syrup, enough to pay for 19 Twinkies per taxpayer every year, according to Apples to Twinkies, a new report by the state consumer advocacy group, CoPIRG.  Meanwhile, limited subsidies for fresh fruits and vegetables would buy less than a quarter of an apple per taxpayer.

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Media Hit | Food

Tax Dollars Subsidizing Junk Food

In the middle of a nationwide crisis in childhood obesity your tax dollars are helping make kids even fatter, according to a Colorado watchdog group.

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