Institute on Taxation and Economic Policy

Republican Eagle: Offshore tax havens cost U.S. $718 billion in taxes

October 18, 2016

“According to a new report, Offshore Shell Games 2016, by Citizens for Tax Justice (CTJ), the Institute on Taxation and Economic Policy (ITEP) & the U.S. Public Interest Group Education Fund, American firms are avoiding up to $718 billion in U.S. taxes on $2.5 trillion in profits held offshore. These jaw-dropping numbers will keep getting […]

Texarkana Gazette: How some tax policies favor the rich

October 18, 2016

“‘It’s emblematic of the way most people feel about the tax system,’ said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit and nonpartisan research organization. ‘It favors those who have the resources.'” Read more

Times Reporter: Challenger Jeremiah Johnson seeks 98th District House seat

October 18, 2016

“The study, ‘Who Pays? A Distributional Analysis of the Tax Systems in All 50 States,’ produced by the Institute on Taxation and Economic Policy (ITEP) and released in Ohio by Policy Matters Ohio, reported the bottom 20 percent put 11.7 percent of their income toward taxes while the top 1 percent, who make over $356,000 […]

mySA: Immigrants bring immense value

October 18, 2016

“And though there are competing analyses about whether unlawfully present immigrants contribute more to the economy than they cost in education and health expenses, what cannot be denied is that, according to the nonpartisan Institute on Taxation and Economic Policy, illegal immigrants contribute more than $11.6 billion to state and local coffers each year and […]

Standard-Times: Immigrants bring value to nation

October 18, 2016

“And though there are competing analyses about whether unlawfully present immigrants contribute more to the economy than they cost in education and health expenses, what cannot be denied is that, according to the nonpartisan Institute on Taxation and Economic Policy, illegal immigrants contribute more than $11.6 billion to state and local coffers each year and […]

United Steelworkers: $718 Billion Of Corporate Tax-Dodging

October 18, 2016

“‘Multinational corporations’ use of tax havens allows them to avoid an estimated $100 billion in federal income taxes each year,’ says a new report just released by Citizens for Tax Justice (CTJ), Institute on Taxation and Economic Policy (ITEP) and U.S. Public Interest Research Group Education Fund (U.S. PIRG).” Read more

Times Leader: How tax policy favors the rich

October 18, 2016

“‘It’s emblematic of the way most people feel about the tax system,’ said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit and nonpartisan research organization. ‘It favors those who have the resources.’”

Politifact: Roy Cooper says Pat McCrory raised taxes on the middle class ‘in 67 different ways’

October 18, 2016

“A 2015 study from the liberal groups Institute on Taxation and Economic Policy (ITEP) and The Budget & Tax Center found that the bottom 20 percent of North Carolinians paid taxes equivalent to 9.2 percent of their income, while the top 1 percent paid taxes equivalent to 5.3 percent of their income.” Read more

The Beachwood Reporter: 32 Illinois Fortune 500 Companies Holding At Least $147 Billion Offshore

October 17, 2016

“In 2015, more than 73 percent of Fortune 500 companies maintained subsidiaries in offshore tax havens, according to Offshore Shell Games, released this week by the U.S. PIRG Education Fund, Citizens for Tax Justice and the Institute on Taxation and Economic Policy.” Read more

Wisconsin Gazette: 73 percent of Fortune 500 companies playing offshore shell game

October 17, 2016

“More than 73 percent of Fortune 500 companies maintained subsidiaries in offshore tax havens in 2015, according to ‘Offshore Shell Games.’ The new study was released this week by the U.S. PIRG Education Fund, Citizens for Tax Justice and the Institute on Taxation and Economic Policy.” Read more

Mic: Apple, Google, Microsoft, Cisco, IBM and other big tech companies top list of tax-avoiders

October 17, 2016

“The report, authored by researchers from Citizens for Tax Justice, the Institute on Taxation and Economic Policy and the U.S. PIRG Education Fund, found that 73% of U.S. Fortune 500 firms — more than 300 corporate giants — have money stashed in tax shelters abroad, including the Netherlands and Bermuda.” Read more

The Daily Reporter: How some tax policy favors the rich

October 14, 2016

“’It’s emblematic of the way most people feel about the tax system,’ said Matt Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit and nonpartisan research organization. ‘It favors those who have the resources.’” Read more

American Federation of Teachers: Backdoor ‘Neovouchers’ Allow Wealthy to Profit off Public Funds for Schools

October 14, 2016

“Ten U.S. states are blatantly circumventing public opposition or constitutional obstacles to publicly funded private school vouchers by allowing wealthy taxpayers to turn a profit on ‘charitable’ contributions to private schools, a report released this week by the Institute on Taxation and Economic Policy reveals.” Read more

Pharos-Tribune: Immigrants bring immense value to America

October 14, 2016

“And though there are competing analyses about whether unlawfully present immigrants contribute more to the economy than they cost in education and health expenses, what cannot be denied is that, according to the nonpartisan Institute on Taxation and Economic Policy, illegal immigrants contribute more than $11.6 billion to state and local coffers each year and […]

WTOK News Center: Mississippi tax code getting scrutiny

October 14, 2016

“But check out a chart from the Institute on Taxation and Economic Policy. It’s all about state and local taxes. On one end is the lowest income families in the state. The wealthiest are at the other. The less you make, the bigger percentage of your income that’s going to taxes.” Read more

The Middletown Press: Several big Connecticut firms keep offshore subsidiaries for tax purposes

October 14, 2016

“The report, Offshore Shell Games, was compiled by the U.S. Public Interest Research Group, the Institute on Taxation and Economic Policy, and Citizens for Tax Justice.” Read more

CBS News: Is your state next to raise its gas tax?

October 14, 2016

“’There has been a lot of procrastination,’ said Carl Davis, research director of the Institute on Taxation and Economic Policy.  ‘It’s an issue that the states cannot put off any longer. There are 21 states which have gone a decade or more since the last time they increased their gas tax rate. These states have […]

DJournal: Mississippi’s poor pay more in taxes

October 13, 2016

“‘The state’s low- and middle-income earners paid nearly double the percentage of their income in taxes compared to the state’s highest income families,’ Donovan wrote in a report compiled for the legislators, basing her findings on a 2015 study by the Washington, D.C.-based Institute of Taxation and Economic Policy.”

Bloomberg BNA: U.S. Lags Behind Most OECD Countries in Tax System

October 11, 2016

“But the report is ‘a pretty incomplete view’ of a good tax system, because it glosses over the idea that the main goal should be raising money for public investments, Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, told Bloomberg BNA.” Read more

International Business Times: Corporations Avoid Taxes By More Than The GDP Of France

October 11, 2016

“‘To put that in context, it is an amount larger than the GDP of France,’ said Clark Gascoigne, the deputy director of FACT, a coalition that includes Citizens for Tax Justice (CTJ), the Institute on Taxation and Economic Policy (ITEP), and the U.S. Public Interest Research Group (PIRG) Education Fund.” Read more

The Huffington Post: The Latino Contributions to New York

October 11, 2016

“According to the Institute on Taxation and Economic Policy, undocumented immigrants pay $11.6 billion in state and local taxes every year at an average rate of 8 percent, a significantly higher rate than the 5.4 percent rate, at which the top 1 percent earners pay annually.” Read more

Bloomberg BNA: S&P Global Says Repatriation Plan Could Jump-Start Overhaul

October 11, 2016

“’You can never know what infrastructure investment means,’ said Gardner, executive director of the Institute on Taxation and Economic Policy. ‘You can’t know that you’re changing anybody’s investment behavior. You can never know if it works.’” Read more

Herald-Standard: Immigration rights advocate says next president will have to address issues

October 11, 2016

“A report from the Institute on Taxation and Economic Policy (ITEP) published February revealed undocumented immigrants paid $11.6 billion in state and local taxes in 2013.” Read more

The Royal Gazette: Strange tale of sneakers and tax havens

October 11, 2016

“The report, prepared by Citizens for Tax Justice, the Institute on Taxation and Economic Policy and US Public Interest Research Group Education Fund, said that most of America’s biggest companies have subsidiaries in ‘tax havens’.” Read more

Open Secrets: Trump’s tax losses, and the political power of real estate

October 11, 2016

“’The potential tax benefits can far outstrip the expense’ of making campaign contributions, said Matthew Gardner, executive director of the nonpartisan Institute on Taxation and Economic Policy. ‘It’s an incredibly good investment. We all know very well that a million dollar political investment can yield a much larger tax break.’” Read more