Together we can make sure tax and budget decisions reflect our shared priorities and balance competing values.
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Washington Small Businesses Foot $2,116 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. A new study by the WashPIRG Foundation revealed that the average Washington small business owner would have to pay an extra $2,116 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.
New Report: Washington Receives a “B” in Annual Report on Transparency of Government Spending
SEATTLE – Washington State 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 Washington State Public Interest Research Group Foundation and U.S.PIRG Education Fund.
Offshore Tax Dodging Blows a $40 Billion Hole in State Budgets, $150 Billion Nationally
WashPIRG released a new study revealing the real cost of offshore tax loopholes. This tax avoidance costs the federal government $150 billion in tax revenue every year. States lost $39.8 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.