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.
U.S. Senator Carl Levin isn’t necessarily the man you’d look to for the latest news about Facebook. However, today he broke some shocking news on the Senate floor about special tax favors that Facebook and its CEO, Mark Zuckerberg, will enjoy at great cost to the U.S. Treasury.
In his budget address today, Governor Pat Quinn called for closing corporate tax loopholes, saying ‘For too long, we’ve had a revenue code that looks like Swiss cheese, with plenty of loopholes for the powerful." With tough budget decisions facing the State, closing tax loopholes that serve no public purpose, is the right thing to do...
With the second anniversary of the Supreme Court’s decision in the Citizens United case approaching – which opened the floodgates to corporate spending on elections – Illinois PIRG and Citizens for Tax Justice reveal thirty corporations that spent more to lobby Congress than they did in taxes.
Marking the second anniversary of the Supreme Court’s decision in the Citizens United vs. Federal Election Commission case, this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and distort the tax code to avoid billions of dollars in taxes.
Privatized traffic law enforcement systems are spreading rapidly across the United States. But when private firms and municipalities consider revenues first, and safety second, the public interest is threatened.