News Releases

News Release | Illinois PIRG | Tax

Taxpayers Win, as Justice Department Blocks Credit Suisse Tax Write Off

On Tuesday, the Justice Department acted in the best interests of taxpayers by blocking Credit Suisse from writing off their $2.6 billion settlement for aiding tax evasion. The unpublicized stipulation will likely save taxpayers hundreds of millions of dollars by preventing the bank from treating the payment as an ordinary business cost on its taxes.

News Release | Illinois PIRG | Public Health, Democracy

Kraft Foods Faces Pressure to Keep Money Out of Politics

During its annual meeting of shareholders today, Kraft Foods Group, Inc. will face a resolution filed by the Green Century Equity Fund urging the company to refrain from using corporate funds to influence any political election campaign. Kraft Foods spent millions to oppose legislation for labeling food containing genetically modified organisms (GMOs) last year, which shareholders argue exposed the company to significant brand and reputational risks without generating value for shareholders.

News Release | Illinois PIRG Education Fund | Tax

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

A new poll released today confirms what has long been apparent: The public overwhelmingly disapproves of corporations taking tax write offs for out-of-court settlements for wrongdoing, 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.

News Release | Illinois PIRG | Tax

Offshore Tax Havens Cost Average Illinois Taxpayer $1,396 a Year, Illinois Small Business $4,588

As hardworking Americans file their taxes today, it’s a good time to be reminded of how ordinary taxpayers pick up the tab for the loopholes in our tax laws. Illinois PIRG released a new study today entitled, “Picking up the Tab: Average Citizens and Small Businesses Pay the Price for Offshore Tax Havens” which revealed that the average Illinois taxpayer in 2013 would have to shoulder an extra $1,396 in taxes to make up for the revenue lost due to the use of offshore tax havens by corporations and wealthy individuals.

News Release | Illinois PIRG | Consumer Protection

How To Protect Yourself From the "Heartbleed" Bug

"Heartbleed" bug affects 2/3rds of websites on the internet.  Here is what you need to know to protect yourself:

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