Institute on Taxation and Economic Policy

Select Media Mentions

Alaska Dispatch News: It’s time for Alaskans to put skin in the game, fund government through taxes

April 8, 2016

“At a rate of 1.5% of taxable income, an Alaska couple with one child, with a household income of $60,000 a year, would pay about $200 a year, according to the Institute on Taxation and Economic Policy.” Read more

Lawyer Herald: Panama Paper Firm Connected to Over 1,000 US Companies Since 2001

April 8, 2016

“”If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy.” Read […]

Los Angeles Times: For just $309, you too can hide your assets — in the U.S.

April 8, 2016

“The mechanisms are pretty much the same here,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit in Washington. “There’s nothing special happening in Panama. Panama is pretty much a microcosm of what the U.S. is a willing partner in.” Read more

Milwaukee Journal Sentinel: Rules kill Pfizer deal, but experts doubt Johnson Controls-Tyco tie-up will die

April 8, 2016

“Matthew Gardner, a critic of inversions who is executive director of the Institute on Taxation and Economic Policy, said this week’s move by the Treasury Department clearly had an immediate impact with the demise of the Pfizer-Allergan deal.” Read more

New York Times: Need to Hide Some Income? You Don’t Have to Go to Panama

April 8, 2016

“In Wyoming, Nevada and Delaware, it’s possible to create these shell corporations with virtually no questions asked,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a nonprofit research organization in Washington.” Read more

Dhaka Tribune: Why Americans not included in #PanamaPapers

April 8, 2016

“First, this was a leak of more than 11m documents, and it will take some time for the ICIJ to scour them. “So maybe there are revelations about specific Americans and secret funds that we haven’t heard about,” said Matt Gardner, executive director of The Institute on Taxation and Economic Policy, a research organisation.” Read […]

Reno Gazette Journal: Panama Papers firm has Nevada ties

April 8, 2016

““If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy.” Read […]

KENS5: 1,000 secret Nevada firms, 2 overseas addresses

April 8, 2016

“We shouldn’t be thinking about this as a Panamanian problem,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy in Washington, D.C. “We should be thinking about this as a very American problem, and a problem that arguably is worse here in the states than it is in Panama.” Read more

Quartz: Sorry, David Cameron-“private” offshore holdings are indeed a matter of public interest

April 7, 2016

“Political casualties are mounting fast in the wake of the Panama Papers—a historic leak of confidential documents from a Panama-based law firm that revealed connections between a number of world leaders and nearly 215,000 offshore shell companies. The prime minister of Iceland has said that he plans to step aside “for an undetermined amount of […]

New York Times: Panama Papers Leak Casts Light on a Law Firm Founded on Secrecy

April 7, 2016

“Panama isn’t the real story,” said Matt Gardner, the executive director of the Institute on Taxation and Economic Policy, a research group based in Washington. “This leak is giving a window into a much broader world, but it should be understood as giving a window into how things work in the U.S. as well.” Read […]

WTSP: The “Panama Papers”: 6 key takeaways

April 6, 2016

“I’m not sure any of us are raising our eyebrows at much of anything here,” said Matt Gardner, executive director of the Institute of Taxation and Economic Policy, adding that Congress needs to put a stop to states such as Delaware that attract companies to incorporate there with a more favorable regime. “It shouldn’t be […]

Voice of America: Why So Few Americans Named in Panama Papers?

April 6, 2016

  “If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places from that secrecy perspective,” Matthew Gardner, executive director of the Institute on Taxation and Economic Policy, a […]

Virginia Connection Newspapers: Arlington: The Undocumented American Story

April 6, 2016

“An analysis by the Institute on Taxation and Economic Policy found that, in 2012, 8.1 million of the nation’s 11.4 million undocumented immigrants paid state and local taxes, totalling $11.8 billion in revenue.” Read more

Inquirer: Undocumented Filipinos, think tanks debunk freeloading charge

April 6, 2016

“A study by the non-profit, non-partisan Institute on Taxation and Economic Policy (ITEP) revealed that some 8.1 million of the 11.4 million undocumented workers paid close to $12 billion in state and municipal taxes in 2012. It does not include taxes paid to the federal government, which are often higher.” Read more

Christian Science Monitor: What do the Panama Papers have to do with inequality? A whole lot.

April 6, 2016

  The questions go beyond whether the financial activities were legal or illegal. The news puts names and faces on the problems of political cronyism and tax evasion by the wealthy, and on the global scale of these problems. That’s politically volatile in its own right. But the news, arriving at a time income inequality […]

NBC: Why Are Americans Not Included in the Panama Papers?

April 6, 2016

“First, this was a leak of more than 11 million documents, and it will take some time for the ICIJ to scour them. “So maybe there are revelations about specific Americans and secret funds that we haven’t heard about,” said Matt Gardner, executive director of The Institute on Taxation and Economic Policy, a research organization.” […]

International Business Times: Why Aren’t More Americans In The Panama Papers? Secrecy, Tax Laws In Nevada, Other States Provide Havens

April 6, 2016

“A very small number of states are notorious for allowing pretty much anybody to start a company in the state without requiring even the most basic information,” said Matthew Gardner, executive director of the Institute on Taxation and Economic Policy with Citizens for Tax Justice, a progressive think tank and advocacy group in Washington. “There […]

CNN: Panama Papers and America’s problem

April 6, 2016

“Anonymous shell corporations and secret bank accounts are vital resources for those engaged in tax evasion and money laundering. But this web of secrecy has started to crumble in recent years due in part to revelations from whistle-blowers embedded in this complex web of tax havens and fake corporations.” Read more

USA Today: Panama Papers firm linked to over 1,000 U.S. companies

April 6, 2016

“Nearly all of those companies were incorporated in Nevada and Wyoming, two states with permissive corporate secrecy laws. “If your goal is secrecy and not having prying eyes find out even the most basic things about what you’re doing and what your company is and who owns it, Wyoming and Nevada are incredibly attractive places […]

Hartford Business Journal: Unusual CT tax experiment could get new life

April 5, 2016

  The Hartford lawyer said he was unaware of any similar tax program in other states, and Fonfara said the bill wasn’t based on any particular example. Carl Davis, research director for the Institute on Taxation and Economic Policy, a nonpartisan think tank, said he too was unaware of other states using the profit-based assessment […]

Huffington Post: From Ivana, More Trump Immigration Foolishness

April 5, 2016

“Not exactly. Having a child in the U.S. is no protection from deportation for an undocumented immigrant. In 2013, Immigration and Customs Enforcement deported over 72,000 undocumented parents of U.S.-born children. Contrary to what Ms. Trump believes, undocumented immigrants are not eligible for food stamps, “Obamacare,” or other social service programs. Undocumented workers, in fact, […]

TruthOut: Tax Time: How Corporations Are Cheating Schoolchildren

April 5, 2016

“Yet it’s the children and the taxpayers of Illinois who bear the burden of reform. Illinois has one of the “Ten Most Regressive State Tax Systems,” according to the Institute on Taxation and Economic Policy. In Chicago, Mayor Emanuel recently announced another $200 million in education cuts and then raised property taxes by a half-billion […]

CNBC: Pothole season brings little new funding to fix them

April 5, 2016

  Other states, including Indiana, South Carolina and West Virginia, have considered similar moves. But so far, those measures haven’t gotten very far, according to the Institute on Taxation and Economic Policy, a tax research group. “Legislators in all three states embraced partial solutions or punted entirely, preferring short-term fixes at the expense of other […]

Christian Daily: Immigration reform 2016 news update: Majority of Americans want undocumented immigrants to stay in the US

April 4, 2016

“The immigrants without legal permission to stay in the country, which are roughly about 11 million, are significantly helping the U.S. economy. A study by The Institute on Taxation and Economic Policy proves that “undocumented immigrants contribute significantly to state and local taxes, collectively paying an estimated $11.64 billion a year.” With reference to the […]

Washington Post: The ‘tampon tax’ fight has reached D.C.

April 4, 2016

“The statement from Bonds noted that the Institute on Taxation and Economic Policy recently found that the poorest families pay state and local taxes at twice the effective rate of the richest families. It’s time to “stop taxing your period,” she said.” Read more

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