You are here

Home > Close Corporate Tax Loopholes >

Close Corporate Tax Loopholes News Releases

News Release | NJPIRG | Tax

Offshore Tax Havens Cost Average New Jersey Taxpayer $668 a Year, Each New Jersey Small Business $2,116, New Study Finds

With tax day approaching, a new study released by NJPIRG found that the average New Jersey taxpayer in 2011 would have to shoulder an extra $668 tax burden to make up for revenue lost from corporations and wealthy individuals shifting income to offshore tax havens. The report, Picking Up The Tab: Average Citizens and Small Businesses Pay the Price for Offshore Tax Havens, additionally found that to cover the cost of the corporate abuse of tax havens in 2011, small businesses in New Jersey would have to foot a bill of over $2,116 on average. 

News Release | NJPIRG Law and Policy Center | Democracy, Tax

Thirty Companies Contribute $41 Million to 524 Members of Congress, Receive $10.6 Billion in Tax Rebates

A new report released Wednesday, March 21 by NJPIRG Law and Policy Center 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. 

News Release | NJPIRG | Democracy, Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes

With the second anniversary approaching of the Supreme Court’s decision in the Citizens United case – which opened the floodgates to corporate spending on elections – NJPIRG and Citizens for Tax Justice reveal 30 corporations, including one based in New Jersey, that spent more to lobby Congress than they did in taxes.

Tools & Resources

Priority Action

The CUT Loopholes Act would put an end to the price and profit shifting that allows publicly traded companies to engage in pervasive tax avoidance.

Take Action

CONSUMER ALERTS

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.

Support Us

Your donation supports NJPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Donate Today