Together we can make sure tax and budget decisions reflect our shared priorities and balance competing values.
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Wisconsin Small Businesses Foot $3,595 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. WISPIRG, the Wisconsin Public Interest Research Group, today released a new study revealing that the average Wisconsin small business owner would have to pay an extra $3,595 in taxes to make up for the money lost in 2014 due to offshore tax haven abuse by large multinational corporations.
New Report: Wisconsin Receives “A-” in Annual Report on Transparency of Government Spending
Wisconsin received a “A-“ 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 WISPIRG Foundation.
Offshore Tax Havens Cost Average Wisconsin Taxpayer $773 a Year, Wisconsin Small Businesses $2,746
With Tax Day approaching, it’s a good time to be reminded of where our tax dollars are going. Today WISPIRG released a new study which revealed that the average Wisconsin taxpayer in 2012 would have to shoulder an extra $773 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals. To make up the burden of revenue lost due to corporate tax haven abuse, Wisconsin small businesses would have to pay an extra $2,746 every year. Closing these loopholes is a common sense solution that every lawmaker should support.