News Releases

News Release | PennPIRG Education Fund | Tax

Offshore Tax Dodging Blows a $2.1 Billion Hole in Pennsylvania Budget

Federal taxpayers are not the only victims of offshore tax havens. Tax havens deprive state governments of billions of dollars in badly needed revenues as well. Based how much income is federally reported in each state, and on state tax rates, it is possible to calculate how much each of the state governments lose as a result of offshore tax dodging.

News Release | PennPIRG | Democracy

Philadelphia Organizations, Citizens, and Elected Officials Hold Press Conference and Rally to Overturn Citizens United

Today at a press conference and rally, a diverse coalition of more than 20 organizations, elected officials, faith groups, and citizens gathered at LOVE Park and braved the cold to mark the third anniversary of the Citizens United court decision and call for the reversal of a big money system that favors powerful special interests over the public interest.

News Release | PennPIRG | Democracy

New Report Shows Impact of Big Money in the 2012 Election

32 Super PAC Mega-Donors Match Total Giving of 3.7 Million Presidential Campaign Small Donors; Nearly Half of TV Ads in Presidential Race Funded by “Dark Money”

News Release | PennPIRG | Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A report released today spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government, go on to claim such settlement payments as tax-deductible business expenses.

News Release | PennPIRG | Tax

First Step to Avoid the Fiscal Cliff: Close Offshore Tax Loopholes

Many of America’s largest corporations and wealthiest individuals use accounting gimmicks to shift profits made in America to offshore tax havens, where they pay little to no taxes. This tax avoidance costs the federal government $150 billion in tax revenue each year.  PennPIRG released new data illustrating the size of this loss with 16 dramatic ways $150 billion could be spent.

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