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News Release | TexPIRG Education Fund | Budget

Study: 70% of Fortune 500 Companies Used Tax Havens in 2013

AUSTIN – Tax loopholes encouraged more than 70 percent of Fortune 500 companies – Exxon Mobil here in Texas – to maintain subsidiaries in offshore tax havens as of 2013, according to Offshore Shell Games released today by TexPIRG Education Fund and Citizens for Tax Justice. Collectively, the companies reported booking nearly $2 trillion offshore for tax purposes, with just 30 companies accounting for 62 percent of the total, or $1.2 trillion.

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Report | TexPIRG Education Fund | Budget

Offshore Shell Games

Many large U.S.-based multinational corporations avoid paying U.S. taxes by using accounting tricks to make profits made in America appear to be generated in offshore tax havens—countries with minimal or no taxes. By booking profits to subsidiaries registered in tax havens, multinational corporations are able to avoid an estimated $90 billion in federal income taxes each year. These subsidiaries are often shell companies with few, if any employees, and which engage in little to no real business activity.

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Report | TexPIRG | Tax

Picking Up the Tab 2014

Every year, corporations and wealthy individuals use complicated gimmicks 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. Tax haven abusers benefit from America’s markets, public infrastructure, educated workforce, security and rule of law—all supported in one way or another by tax dollars—but they avoid paying for these benefits.

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Report | TexPIRG Education Fund | Consumer Protection

The Unfriendly Skies

It seems as if every consumer has an airline problem story—how they were trapped on the tarmac, tricked by fees, missed their connection, or lost their bag. What many consumers don’t know is that they have a number of new rights as well as a right to complain, both to the airline and to the government. This report tracks five years of consumer complaints and highlights which airlines received the most complaints and what kinds of complaints were most common.

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News Release | TexPIRG | Transportation

TexPIRG Suspends Support For SB 17

On Tuesday, March 31, 2009, the Texas Public Interest Research Group (TexPIRG) released a statement supporting SB 17. Like others, upon our initial reading of SB 17, it appeared that the bill would create strong public safeguards against bad private toll road deals for the citizens of Texas. We have since noticed a particular clause in the bill that would create a loophole for the Texas Department of Transportation (TX DOT).

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News Release | TexPIRG | Safe Energy

New Report Shows Building New Nuclear Plants is a Bad Investment

Renewable energy sources can produce far more electricity than nuclear plants for less money, according to the new TexPIRG report. Unfortunately, the nuclear industry has proposed thirty new reactors across the country at an estimated cost of $300 billion.

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News Release | TexPIRG | Transportation

Study of Private Roads Shows Signs for Caution

A major new report released today identifies problems in a national trend toward private toll roads. The study, Public Roads, Private Costs: The Facts About Toll Road Privatization and How to Protect the Public, examines 15 completed private road projects and 79 others that are proposed or underway.

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News Release | TexPIRG | Health Care

Texans want legislators to make health coverage a priority

Lawmakers and advocates from diverse organizations today urged the Legislature to increase access to affordable health insurance now, pointing to new polling data showing strong support among Texans for immediate action. 

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News Release | TexPIRG | Transportation

TexPIRG calls on TxDOT to slow down on stimulus spending

A diverse group of anti toll-road activists, environmentalists, and public transportation activists from across Texas converged at the State Capitol to demand that Texas Department of Transportation (TxDOT) halt a plan to approve $1.7 billion in new highways without providing proper public review. The groups call on TxDOT, which is poised to approve the stimulus funding at their meeting on Thursday, to slow down and make sure that these transportation dollars are spent wisely.

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Defend the CFPB

Tell your senators to oppose the “Financial CHOICE Act,” which would gut Wall Street reforms and destroy the Consumer Financial Protection Bureau as we know it.

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