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News Release | Illinois PIRG | Tax

Illinois Small Businesses Foot $4,570 Bill from Offshore Tax Dodging

As Tax Day approaches, it’s important to remember that small businesses end up picking up the tab for offshore tax loopholes used by many large multinational corporations. Illinois PIRG released a new study today revealing that the average Illinois small business owner would have to pay an extra $4,570 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.  

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Report | Illinois PIRG Education Fund | Tax

Picking Up the Tab 2015

Every year, corporations and wealthy individuals use complicated gimmicks to shift U.S. earnings to subsidiaries in offshore tax havens – countries with minimal or no taxes – in order to reduce their federal and state income tax liabilities by billions of dollars. While tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law – all supported in one way or another by tax dollars – they continue to avoid paying for these benefits.

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News Release | Illinois PIRG Education Fund | Democracy

In Aldermanic Races Fueled by Big Money, Top Fundraiser Wins 93% of the Time

In the Chicago aldermanic races the candidate with the most money almost always wins, small donors represent only a small portion of candidates’ campaign cash, and small donor campaign finance reform would shake up elections according to a new report from Illinois PIRG Education Fund. The report analyzes campaign contributions going to top candidates in all 50 wards in the 2015 aldermanic elections.

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Report | Illinois PIRG Education Fund | Democracy

The Money Primary

The role of money in elections is typically discussed in the context of high profile races such as those for Congress, Governor, or big city Mayors. The influence of money in smaller races, however, is just as big if not bigger.

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Blog Post | Consumer Protection

CFPB Begins Payday Regulation Push In Richmond | Ed Mierzwinski

We joined the CFPB in Richmond Thursday for a field hearing on a proposed rule to regulate payday lending and similar high-cost short-term loans. The CFPB's draft rule is comprehensive, covering a variety of loans, but it contains potential loopholes that we and other advocates will urge the bureau to close before it finalizes this important effort. Here's a short blog with some photos from Richmond.

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Media Hit | Tax

$7 Billion Public-Private Plan in Chicago Aims to Fix Transit, Schools and Parks

At a time when the nation is only beginning to pull itself painfully and delicately out of a deep recession, and when cities and states are cutting essential services and wondering how to keep the courthouses open and the lights on, an infrastructure proposal for a single city with an estimated cost in the billions — with a “b” — is audacious. Mr. Emanuel, in an interview, suggested that nothing less than this “integrated, comprehensive approach” will do for what he calls “building a new Chicago.”

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News Release | Illinois PIRG | Tax

Loopholes for Sale: Campaign Contributions by Corporate Tax Dodgers

A new report by Illinois PIRG and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members.

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News Release | Illinois PIRG Education Fund | Tax

Illinois Receives a “B-” in Annual Report on Transparency of Government Spending

Illinois received a “B-“ when it comes to government spending transparency, according to Following the Money 2012: How the States Rank on Providing Online Access to Government Spending Data, the third annual report of its kind by the Illinois PIRG Education Fund.

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News Release | Illinois PIRG | Budget

Amendment Passes to Crack Down on Offshore Tax Cheats

A statement from Illinois PIRG on the passage of the Senate Amendment 1818, introduced by Senators Levin, Conrad, and Whitehouse to the Transportation Bill, which will stop foreign financial institutions in places like the Cayman Islands from aiding U.S. tax cheats.

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Media Hit | Tax

We want our money back

Good-governance groups are fighting back against companies that take state subsidies and then head out of town.

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DEFEND THE CFPB

Tell your representative to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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