Government Transparency Updates

Report | CALPIRG Education Fund | Tax

A Simple Fix for a $17 Billion Loophole

Every year, corporations use complicated schemes to shift U.S. earnings to subsidiaries in offshore tax havens—countries with minimal or no taxes—in order to reduce their state and federal income tax liability by billions of dollars. Meanwhile, smaller, wholly-domestic U.S. businesses cannot game the system in the same way. The result is that large multinational businesses compete on an uneven playing field, avoiding taxes that their small competitors must pay. Innovation in the marketplace is replaced by innovation in the tax code.

News Release | CALPIRG Education Fund | Tax

Report: California Could Recover Nearly $2.8 Billion Lost to Corporate Tax Loopholes

Sacramento -- Every year, corporations use complicated schemes to shift U.S. earnings to subsidiaries in offshore tax havens which helps them dodge both state and federal taxes. Reforms to end tax dodging in California would reduce revenue loss by nearly $2.8 billion, according to a new report called “A Simple Fix for a $17 Billion Loophole,” released today by CALPIRG Education Fund. 

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