Tax

Report | Maryland PIRG Foundation and Citizens for Tax Justice | Tax

Offshore Shell Games

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. 

Media Hit | Tax

Editorial: Improve online databases

“Big data” has become a catchphrase of our age, and Gov. Martin O’Malley is a professed believer in data-gathering and numbers-crunching as a tool in governing – hence, his much-heralded StateStat system. So it’s a little disappointing — if not surprising, given the usual bureaucratic resistance to change – that only modest steps have been taken to make this bonanza accessible to the taxpayers.

Media Hit | Tax

Slightly Brighter Sunlight

Maryland is gradually improving its scoring when it comes to being transparent to the public, having moved from a C to a B- in a recently released report card from the Maryland PIRG Foundation.

That grade could get better: Gov. Martin O’Malley signed into law this week legislation that may shine a little more light into the dark and dusty corners of state spending.

News Release | Maryland PIRG Foundation | Tax

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

A new poll shows that Americans want federal agencies to better disclose information about out-of-court settlements with corporations and to restrict companies from writing off these payments as tax deductions.

Media Hit | Tax

New law aims at better access to Md. government data as state gets B- for transparency .

From C to B-

Maryland received a B- when it comes to transparency on government spending, up from a C last year, according to the fifth annual report card by Maryland PIRG Foundation, released Tuesday.

“Maryland has become more transparent about where public money goes, providing citizens with the information they need to hold elected officials and recipients of public subsidies accountable,” said Emily Scarr, Maryland PIRG Foundation Director. “Unfortunately, we’re still in the middle of the pack as far as state spending transparency, not leading the way as we should be.”

Media Hit | Tax

Report: Maryland earns slightly higher grade for online transparency

The report, called “Following the Money 2014,” ranked Maryland 23rd in the country for its spending transparency website — tied with Pennsylvania — scoring 82.5 out of a possible 100 points. This year marks the fifth year that the report has been released by U.S. PIRG.

Maryland received a grade of B- from the report’s authors in an analysis of the content on the state’s transparency website and how easy the website is to use. The grade is an improvement from last year’s grade of a C for the website.

News Release | Maryland PIRG Foundation | Tax

New Report: Maryland Receives a B- in Annual Report on Transparency of Government Spending

Maryland received a “B-“ when it comes to government spending transparency, according to “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” the fifth annual report of its kind by the Maryland PIRG Foundation.

News Release | Maryland PIRG Foundation | Tax

NEW REPORT TO GRADE MARYLAND AND OTHER STATES ON SPENDING TRANSPARENCY

The Maryland PIRG Foundation will release a new report, “Following the Money 2014: How the 50 States Rate in Providing Online Access to Government Spending Data,” evaluating each state on how well it provides spending information online and assigning them with “A” to “F” letter grades. The report will reveal Maryland’s letter grade, compare its public disclosure of spending information to other states, and provide recommendations for improvements.

Report | Maryland PIRG Foundation | Tax

Following the Money 2014

Every year, state governments spend tens of billions of dollars through contracts for goods and services, subsidies to encourage economic development, and other expenditures. Accountability and public scrutiny are necessary to ensure that the public can trust that state funds are well spent.

News Release | Maryland PIRG Foundation | Tax

Maryland could save $27.3 million with proven method to curb offshore tax dodging, new study finds

Maryland taxpayers could save $27.3 from a reform to crack down on offshore tax dodging, according to a new report released today by Maryland PIRG Foundation. The reform, which has already been proven effective in Montana and passed in Oregon, would require companies to treat profits booked to notorious tax havens as domestic taxable income.

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