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News Release | ConnPIRG Education Fund | Tax

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

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including General Electric, United Technologies and Priceline.com in Connecticut – to maintain subsidiaries in offshore tax havens as of 2013, according to “Offshore Shell Games,” released today by ConnPIRG 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 | ConnPIRG Education Fund | Tax

Offshore Shell Games 2014

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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News Release | ConnPIRG Education Fund | Tax

Statement on Open Connecticut 2.0

Open Connecticut 2.0 is another step forward for state spending transparency in Connecticut, following Governor Malloy's Executive Orders to increase the transparency of economic development assistance and tax credits, and the launch of Connecticut's open data portal, data.ct.gov.

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News Release | ConnPIRG Education Fund | Tax

Poll: Public Wants Federal Agencies to Disclose and Restrict Corporate Tax Write Offs for Out-of-Court Settlements

In recent years, public outrage has built as federal agencies have allowed out-of-court settlements for corporate wrongdoing — like BP’s gulf oil spill and JPMorgan’s toxic mortgages — to be written off for multibillion-dollar tax breaks. Now, a new poll released today confirms what has long been apparent: The public overwhelmingly disapproves of these write offs, and has a strong preference for federal agencies to be both more transparent and more restrictive of tax deductions for future settlements. Substantial majorities across party lines would support reforms and greater transparency.

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Blog Post | Consumer Protection

CFPB to Bank of America: Pay Back Consumers $727 Million | Evan Preston

This week the CFPB ordered Bank of America to return $727 million to credit card customers for deceptive marketing and unfair billing practices.

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News Release | ConnPIRG Education Fund | Consumer Protection

Toy Safety Tips: Many Toys Still Toxic, Hazardous

HARTFORD, Nov. 23 –Dangerous or toxic toys can still be found on America’s store shelves, the Connecticut Public Interest Research Group announced today in its 25th annual Trouble in Toyland report.

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Trouble in Toyland?

Despite the Consumer Product Safety Improvement Act of 2008, which partially banned harmful phthalates from children’s products, ConnPIRG’s 25th annual Trouble in Toyland report, released Tuesday morning, demonstrated the continued danger posed by some toys for parents heading to the stores this holiday season.

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WTNH News 8: List of Unsafe Toys Released

The annual "Trouble in Toyland" list of unsafe toys was released today. The list includes toys that contain excessive levels of lead, toxic chemicals like phalates or BPA, and those that pose a choking hazard.

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Media Hit | Health Care

Anthem Approved for Health Rate Hikes As High As 47 Percent

The state's largest insurer has won approval to raise health premiums by as much as 47 percent for policies sold to individual buyers, the largest price hikes seen in Connecticut since the adoption of national health care reform.

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Fisher Price Recalls 10 Million Toys

Toy manufacturer Fisher Price announced Thursday that it has recalled about 10 millions toys because they are dangerous to children.

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Report | Health Care

Health Care in Crisis: How Special Interests Could Double Health Care Costs and How We Can Stop It

This report examines three important sources of this unproductive spending.  We conclude with a package of urgently needed reforms which target those causes, improve quality of care, and rein in this unnecessary spending.  As part of comprehensive health reform, these policies will enable America to emerge from this crisis with a health system that consumers and businesses can afford and families can depend on.

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Economic Stimulus or Simply More Misguided Spending?

This fall, Congress asked states to submit lists of “ready-to-go” transportation infrastructure projects that could be funded by the stimulus package. Lists from nineteen state departments of transportation (DOTs) show that the broader goals articulated by President-elect Obama will be undermined if Congress, the Administration, and the states do not establish forward-looking rules for spending stimulus funds.

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Trouble In Toyland: The 23rd Annual Survey of Toy Safety

The 2008 "Trouble in Toyland" report is the 23rd annual Connecticut Public Interest Research Group (ConnPIRG) survey of toy safety. This report provides safety guidelines for parents when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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The Campus Credit Card Trap

This study is an in-person survey of a diverse sample of over 1500 students, primarily single undergraduates, at 40 large and small schools and universities in 14 states around the country conducted between October 2007 and February 2008. It analyzes how students pay for their education, how many use and how they use their credit cards and, finally, their attitudes toward credit card marketing on campus and whether or not they support principles to rein in credit card marketing on campus.

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A Better Way To Go

This report shows why rail, rapid buses and other forms of public transit must play a more prominent role in America’s future transportation system.

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