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

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

Portland, October 6 – Tax loopholes encouraged more than 72 percent of Fortune 500 companies –including Nike based here in Oregon– to maintain subsidiaries in offshore tax havens as of 2014, according to “Offshore Shell Games,” released today by OSPIRG 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 | 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.

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Blog Post | Public Health

Threemile Canyon Farms and antibiotics | David Rosenfeld

Gov. Kate Brown recently disclosed that she plans to appoint an officer of Oregon’s largest factory farm – Threemile Canyon Farms – to the state Board of Agriculture. Friends of Family Farmers and a number of other groups are pushing back. OSPIRG doesn't have enough expertise on this matter to have a position, but it is clear that the Board of Agriculture plays an important role in shaping Oregon’s farm policy. This prompted me to go back and review the company's statements against a bill to curtail antibiotics overuse on farm animals. After doing so, I worry about what this appointment signals in terms of the Governor's stance on this critical public health issue.

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News Release | OSPIRG | Consumer Protection

OSPIRG Demands Real Penalties for Volkswagen and Full Rebates for Customers

The consumer group OSPIRG demanded today that Volkswagen be held fully accountable for its “defeat device” scheme to trick EPA pollution tests. The group also called for full rebates to the nearly 500,000 customers deceived into joining the scheme by VW’s false promises of “clean” diesel cars.

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Report | OSPIRG Foundation | Democracy

BOOSTING THE IMPACT OF SMALL DONORS

Candidates in the 2016 presidential race would see a dramatic shift in their fundraising, and have a powerful incentive to focus more on small donors under a proposed small donor public financing system, according to a new study released by OSPIRG Foundation.

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News Release | OSPIRG Foundation | Health Care

Health Net Rate Hike Not Justified

If approved, the rate increase would impact 38,492 Oregonians with coverage through a small business employer. Of those enrollees, 14,298 would see rates rise between 11% and 30%.

 

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Media Hit | Tax

OPB story mentions OSPIRG tax havens report

At the same time, the Oregon Public Interest Research Group released a new study saying that offshore tax havens cost Oregon taxpayers about $300 a year each, in lost state revenue.

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Media Hit | Tax

OSPIRG Is Going After Tax Cheats

A new study by the consumer group OSPIRG finds that corporations and the nation's richest have avoided $100 Billion in taxes by putting their money in offshore accounts like the Cayman Islands. 

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Media Hit | Transportation

Study Says Teens are Waiting to Get Their Driver's License

Oregon's roads have actually increased in traffic over the last several years, but as far as drivers 15 to 18, that number has decreased.

The OSPIRG Foundation and Frontier Group say the key factors keeping kids off the roads include gas prices, insurance costs and finding different methods of transit such as biking or public transportation.

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News Release | OSPIRG Foundation | Health Care

Health Insurance Rates to Rise 8-14% for Many Oregon Small Businesses

If approved, the insurer will raise rates 5.56% on average beginning in July, affecting 35,224 Oregonians enrolled in coverage through a small business employer.

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Blog Post | Transportation

OPB & High Speed Rail | David Rosenfeld

I was on OPB’s Think Out Loud this morning talking about high speed rail. Big thanks to OPB for featuring this important topic. I had three short opportunities to comment, during which I made the following points...

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Blog Post | Budget, Democracy, Tax

Starting to see a bit more clearly | David Rosenfeld

The state transparency website is being updated this week. There are improvements that can be made, including the posting tax subsidy information. Let us know your suggested improvements.

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Blog Post | Financial Reform

Wall Street Reform Floor Fight | David Rosenfeld

We look forward to a televised floor fight where the question Senators will need to answer is simple: ‘Are you for Wall Street, or Main Street?’

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Blog Post

Oregon legislature unanimously approves more help for homeowners | David Rosenfeld

The Oregon legislature gave final approval to an OSPIRG-supported new law that will give homeowners more tools to avoid foreclosure.

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Blog Post | Higher Ed

Wasteful student lender subsidies cut. Winner: students. | David Rosenfeld

Congress finally ended wasteful subsidies to student lenders that diverted billions of dollars annually away from helping more students go to college.

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