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News Release | ConnPIRG Education Fund | Tax

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

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including General Electric, United Technologies and Priceline.com in Connecticut – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by ConnPIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Report | ConnPIRG Education Fund | Tax

Offshore Shell Games 2014

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity. 

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News Release | ConnPIRG Education Fund | Tax

Statement on Open Connecticut 2.0

Open Connecticut 2.0 is another step forward for state spending transparency in Connecticut, following Governor Malloy's Executive Orders to increase the transparency of economic development assistance and tax credits, and the launch of Connecticut's open data portal, data.ct.gov.

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News Release | ConnPIRG Education Fund | Tax

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

In recent years, public outrage has built as federal agencies have allowed out-of-court settlements for corporate wrongdoing — like BP’s gulf oil spill and JPMorgan’s toxic mortgages — to be written off for multibillion-dollar tax breaks. Now, a new poll released today confirms what has long been apparent: The public overwhelmingly disapproves of these write offs, and has a strong preference for federal agencies to be both more transparent and more restrictive of tax deductions for future settlements. Substantial majorities across party lines would support reforms and greater transparency.

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Blog Post | Consumer Protection

CFPB to Bank of America: Pay Back Consumers $727 Million | Abe Scarr

This week the CFPB ordered Bank of America to return $727 million to credit card customers for deceptive marketing and unfair billing practices.

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News Release | ConnPIRG Education Fund | Tax

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

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including General Electric, United Technologies and Priceline.com in Connecticut – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by ConnPIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

> Keep Reading
News Release | ConnPIRG Education Fund | Tax

Statement on Open Connecticut 2.0

Open Connecticut 2.0 is another step forward for state spending transparency in Connecticut, following Governor Malloy's Executive Orders to increase the transparency of economic development assistance and tax credits, and the launch of Connecticut's open data portal, data.ct.gov.

> Keep Reading
News Release | ConnPIRG Education Fund | Tax

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

In recent years, public outrage has built as federal agencies have allowed out-of-court settlements for corporate wrongdoing — like BP’s gulf oil spill and JPMorgan’s toxic mortgages — to be written off for multibillion-dollar tax breaks. Now, a new poll released today confirms what has long been apparent: The public overwhelmingly disapproves of these write offs, and has a strong preference for federal agencies to be both more transparent and more restrictive of tax deductions for future settlements. Substantial majorities across party lines would support reforms and greater transparency.

> Keep Reading
News Release | ConnPIRG Education Fund | Consumer Protection

Spirit Is Most Complained-About Airline

Spirit Airlines passengers are most likely to complain about their experience, according to a report released today by the ConnPIRG Education Fund. Among major airlines, Spirit generates the most complaints for its size and generates an increasing number of complaints each year. Other most-complained about firms include Frontier Airlines, United Airlines, and American Airlines.

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Media Hit | Budget

Report: Connecticut’s Fiscal Transparency Improves

Connecticut earns a “B” for transparency in government spending, according to an annual report card grading the 50 states in online access to data on where taxpayer dollars are spent.

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Report | ConnPIRG Education Fund | Tax

Offshore Shell Games 2014

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens – countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity. 

> Keep Reading
Report | ConnPIRG Education Fund | Consumer Protection

The Unfriendly Skies

Consolidation in the airline industry, along with pressures created by new security rules and the recent high cost of aviation gasoline, has changed the way we fly. It seems as if every consumer has an airline travel story—how they were trapped on the tarmac, tricked by fees, missed their connection, or lost their bag.

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Report | ConnPIRG Education Fund | Budget

Following the Money 2014

Every year, state governments spend tens of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are well spent. 

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Report | ConnPIRG Education Fund | Public Health, Food

A Year of Progress

While mandatory labeling has met with obstacles, legislation is not the only arena for progress – and the past year has shown that food producers and retailers are listening to consumers’ desire for information and choices when it comes to GMOs.

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Report | ConnPIRG Education Fund | Consumer Protection

Debt Collectors, Debt Complaints:

This is the fifth in a series of reports that review complaints to the CFPB nationally and on a state-by-state level. In this report we explore consumer complaints about debt collection, with the aim of uncovering patterns in the problems consumers are experiencing with debt collectors and documenting the role of the CFPB in helping consumers successfully resolve their complaints.

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Blog Post | Consumer Protection

CFPB to Bank of America: Pay Back Consumers $727 Million | Abe Scarr

This week the CFPB ordered Bank of America to return $727 million to credit card customers for deceptive marketing and unfair billing practices.

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Blog Post | Solid Waste

Increasing Recycling Through Regionalism

Today's meeting of Connecticut's Solid Waste Advisory Committee focused on regionalism.

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Blog Post | Democracy

Online Voter Registration | Abe Scarr

Yesterday, ConnPIRG staff joined Governor Malloy and Secretaty of the State Denise Merrill as they announced that online voter registration is now available in Connecticut.

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Blog Post | Health Care

What’s Next on Health Care Costs? | Abe Scarr

Now that the election is over, talk has turned to the need to work together and get results for America. It’s a tall order, and on the polarized issue of health care, it may seem at first like an impossible task. But I am hopeful that we can make significant progress together. 

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Blog Post | Consumer Protection, Health Care

Here’s that Rx refill you didn’t order | Abe Scarr

Is your pharmacy refilling your prescription without your knowledge or approval, and billing your insurance company for the cost? 
If so, it’s the latest example of waste we shouldn't tolerate in our health care system.

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