News Releases

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.

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.

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.

News Release | OSPIRG | Consumer Protection

New Survey Shows Banks Still Hiding Fees from Consumers

A survey of hundreds of banks and credit unions in 24 states and the District of Columbia found that fewer than half of branches obeyed their legal duty to fully disclose fees to prospective customers on the first request, while 12% provided no fee information at all. The surveys conducted in Oregon show that just over half of branches complied, while 15% did not provide any fee information at all.

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