Close Corporate Tax Loopholes News Releases

A new report released by the Arizona PIRG Education Fund and Citizens for Tax Justice (CTJ) found that thirty unusually aggressive tax dodging corporations have made campaign contributions to 524 (98 percent) sitting members of Congress, and disproportionately to the leadership of both parties and to key committee members.

Statement by Serena Unrein, Public Interest Advocate for Arizona PIRG, in response to the White House announcement proposing to eliminate tax loopholes and preferences.

As the Congressional “Super Committee” begins its search for $1.5 trillion in deficit reduction, a new study released by Arizona PIRG and the National Taxpayers Union provides the panel with a place to start: more than $1 trillion of spending cuts with appeal from across the political spectrum.

Major corporations and some individuals avoid a total of as much as $100 billion a year in federal taxes by “off-shoring” the profits they make here in the U.S. or by setting up sham headquarters in tax haven countries. As a result, taxpayers in Arizona and across the nation are left footing the bill.