Tax

Report | OSPIRG | Tax

Picking Up the Tab 2013

Some U.S.-based multinational firms and individuals avoid paying U.S. taxes by using accounting tricks to shift profits made in America to offshore tax havens—countries with minimal or no taxes. Our new report reveals the additional burden facing Oregon taxpayers and small businesses as a result.

Result | Budget, Tax

OSPIRG Brings Transparency to Major Tax Subsidy

After OSPIRG filed a petition for public records order, the Oregon Department of Justice ordered Business Oregon, the state's business development department, to release data about the Strategic Investment Program--a major tax subsidy program estimated to cost Oregon taxpayers $322 million over the next two years, stating that there is a “strong public interest” in disclosing the information.

News Release | OSPIRG | Budget, Tax

Department of Justice Orders Release of Hidden Tax Subsidy Data, Clarifies Public Has Right to Know How Subsidy Dollars are Spent

Yesterday, the Oregon Department of Justice ordered a state agency to release data about a major tax subsidy program estimated to cost Oregon taxpayers $322 million over the next two years, saying that there is a “strong public interest” in disclosing the information.

Report | OSPIRG Foundation | Tax

The Hidden Cost of Offshore Tax Havens

When U.S. corporations and wealthy individuals use offshore tax havens to avoid paying taxes, it is an abuse of our tax system. This new report reveals that the State of Oregon lost an estimated $506 million due to offshore tax dodging in 2012.

News Release | OSPIRG Foundation | Tax

Offshore Tax Dodging Blows a $506 million Hole in Oregon Budget

With Oregon facing tough budget choices, OSPIRG Foundation, joined by Main Street Alliance, released a new study revealing that the State of Oregon lost an estimated $506 million due to offshore tax dodging in 2012. Many of America’s wealthiest individuals and largest corporations use tax loopholes to shift profits made in America to offshore tax havens, where they pay little to no taxes.

News Release | OSPIRG Foundation | Tax

Portland Receives a “D-” for Spending Transparency

The City of Portland received a grade of “D-” for spending transparency, according to a new report released today by OSPIRG Foundation. The report reviews Portland’s progress toward comprehensive, one-stop, one-click budget accountability and accessibility.

Report | OSPIRG Foundation | Tax

Transparency in City Spending

Cities across the country have been moving toward making their checkbooks transparent by creating transparency portals and posting recipient-specific spending data online. This report evaluates the progress of America’s 30 largest cities, including Portland, toward a standard of comprehensive, one-stop, one-click budget accountability and accessibility.

News Release | OSPIRG | Tax

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

With Congress scrambling to agree on ways to reduce the deficit, OSPIRG released a new analysis, pointing out a clear first step to avoid the “fiscal cliff”: closing offshore tax loopholes. OSPIRG’s data illustrates the size of the revenue lost when corporations don't pay their taxes, with 16 dramatic ways the $150 billion a year could be spent.

Report | OSPIRG | Tax

What America Could Do with $150 Billion Lost to Offshore Tax Havens

Many corporations and wealthy individuals use offshore tax havens—countries with minimal or no taxes—to avoid paying $150 billion in U.S. taxes each year. This $150 billion is a lot of money, especially at a time of difficult budget choices. To put this sum in perspective, we present 16 potential ways that income could be used.

Offshore Tax Havens Cost Oregon Taxpayers Dearly

By | David Rosenfeld
Executive Director

Just in time for Tax Day, OSPIRG released another fine piece of work from our national Budget and Taxes guru Phineas Baxendall.  The report-Picking up the Tab: Average Citizens and Small Businesses Pay the Price for Offshore Tax Havens-examines the practice of hiding legitimate U.S. profits and income in offshore tax havens. While this has mostly been discussed as a federal matter, the topic has a big impact on Oregon taxpayers, small businesses and state revenue.

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