Together we can make sure tax and budget decisions reflect our shared priorities and balance competing values.
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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.
New Report: 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 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the Illinois Public Interest Research Group (PIRG) Education Fund.
Offshore Tax Dodging Blows a $2.5 Billion Hole in Illinois’ Budget
With Illinois in the midst of a budget crisis, the Illinois PIRG Education Fund, joined by the Small Business Advocacy Council; Gail Glasser, a small business owner; and the Chicago Political Economy Group, released a new study revealing that Illinois lost $2.5 billion 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.