Tax

Report | NCPIRG Education Fund and Citizens for Tax Justice | Tax

Offshore Shell Games

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including Bank of America here in North Carolina to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the NCPIRG 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.

News Release | NCPIRG Education Fund | Budget, Public Health, Tax, Transportation

Moving Off the Road

North Carolinians have cut their per-person driving miles by 7.9 percent since 2005, while the nation’s long term driving boom appears to have ended, according to a new report from the NCPIRG Education Fund.

Report | NCPIRG Education Fund | Budget, Safe Energy, Tax, Transportation

Moving Off the Road

After sixty years of almost constant increases in the annual number of miles Americans drive, since 2004 Americans have decreased their driving per-capita for eight years in a row. Driving miles per person are down especially sharply among Millennials, America’s largest generation that will increasingly dominate national transportation trends. 

Report | NCPIRG Education Fund | Tax

Following the Money 2013

Every year, state governments spend tens of billions of dollars through contracts with private entities for goods and services, subsidies to encourage economic development, grants, and other forms of spending. Accountability and public scrutiny are necessary to ensure that state funds are well spent.

News Release | NCPIRG Education Fund | Tax

North Carolina Receives a “D” in Annual Report on Transparency of Government Spending

March 26 – North Carolina received a “D” when it comes to government spending transparency, according to “Following the Money 2013: How the States Rank on Providing Online Access to Government Spending Data,” the fourth annual report of its kind by the NCPIRG Education Fund.

Report | Tax

Picking Up the Tab

Some U.S.-based multinational firms or individuals avoid paying U.S. taxes by transferring their earnings to tax haven countries with minimal or no taxes. These tax haven users benefit from their access to America’s markets, workforce, infrastructure and security; but they pay little or nothing for it—violating the basic fairness of the tax system and forcing other taxpayers to pick up the tab.

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