Tax

News Release | MASSPIRG | Budget, Democracy, Tax

New Film Exposes Growing Use of Corporate Tax Havens

“The subject of this movie couldn’t be more timely, with taxes front-and-center this election season,” said Deirdre Cummings, legislative director of MASSPIRG. “Gaming the system and dodging taxes is not a right or left issue—it is a citizen issue with tremendous consequences for every resident of the Commonwealth and for every American.”

You're Invited to "We're not Broke"

By | Deirdre Cummings
Consumer Program Director

MASSPIRG Invites you to a special screening of the new movie We're Not Broke
Thursday, Oct. 18  -  6:30 PM - Harvard Kennedy School
Wiener Auditorium
, Ground Floor of the Taubman Building, 79 JFK Street, Cambridge

Media Hit | Budget, Tax

We Need A Win

By their very nature, anonymous shell corporations are a problem that remains under the radar. Anyone can easily set up an anonymous corporation, but Massachusetts, as well as Connecticut and Maine, are uniquely positioned to play a key role in shutting them down.

Media Hit | Budget, Food, Tax

Farm Bill needs to Cut the Fat

Of the $277 billion spent on agricultural subsidies since 1995, 75 percent of the total went to just 3.8 percent of U.S. farmers, skewed towards the largest farms — not small family farms. Massachusetts consumers’ share of the cost for junk food subsidies is about $22.6 million each year on average, compared with just under $800,000 in subsidies for apples. That’s enough to buy 61 million Twinkies, but only 1.6 million apples.

Media Hit | Budget, Tax

State's tax breaks must be subject to accountability, transparency

Massachusetts has more than doubled special targeted tax breaks to businesses since 1996, with costs to the state budget topping $770 million last year. It is troubling that many programs funded through business tax breaks lack clear goals, much less any way to measure progress toward those goals or ability to reclaim tax breaks that fail to deliver results.

Media Hit | Budget, Food, Tax

How taxpayer dollars become Twinkies

 

“Subsidies to large agribusiness are egregious enough on their own. The fact that the subsidies go to junk food adds insult to injury.”

 

News Release | MASSPIRG | Budget, Food, Tax

Ag Subsidies Pay for 21 Twinkies per Taxpayer, But Only Half of an Apple Apiece

Federal subsidies for commodity crops are subsidizing junk food additives like high fructose corn syrup, enough to pay for 21 Twinkies per taxpayer every year, according to MASSPIRG’s new report, Apples to Twinkies 2012. “This is ridiculous,”  said MASSPIRG’s Legislative Director, Deirdre Cummings. “First, we are giving taxpayer subsidies to mature, profitable industries while struggling with how to reduce the nation’s record level of debt.  That is bad enough, but in addition, the billions of taxpayer supported subsides are then used to subside junk food—even as our childhood obesity rates are going through the roof. With the Farm Bill about to be reauthorized, it’s time to end this waste.”

News Release | MASSPIRG | Budget, Tax

Recipients of Corporate Tax Breaks Revealed

MASSPIRG praised today’s release by the Department of Revenue detailed information about  who receives some $170 million in certain corporate tax breaks. 

“This is great news,” said Deirdre Cummings, Legislative Director for MASSPIRG, “any investment of public dollars in private enterprises must be held to the highest level of transparency and accountability. The legislature and the Administration should be commended for their leadership in making government spending more transparent and accountable.”

Media Hit | Tax

Bay State lags in business subsidy successes

Watchdogs say the Bay State’s tax credit program lacks oversight. State subsidies have come under scrutiny in the wake of last year’s failure of Evergreen Solar. Rhode Island taxpayers are on the hook for 38 Studios, which defaulted on a $1.125 million loan payment earlier this month after the firm was lured away from Massachusetts last year by $75 million in loans. Deirdre Cummings of MassPIRG said Massachusetts doesn’t consistently track whether subsidized companies create jobs they promised to when they received multimillion-dollar tax credits. “These are taxpayer dollars. We have to be able to show it was a worthwhile investment, and there is absolutely no way to know,” she said.

Pages

Subscribe to RSS - Tax

Support Us

Your donation supports MASSPIRG's work to stand up for consumers on the issues that matter, especially when powerful interests are blocking progress.

Consumer Alerts

Join our network and stay up to date on our campaigns, get important consumer updates and take action on critical issues.
Optional Member Code