News Releases

News Release | TexPIRG Education Fund | Budget

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

AUSTIN – Tax loopholes encouraged more than 70 percent of Fortune 500 companies – Exxon Mobil here in Texas – to maintain subsidiaries in offshore tax havens as of 2013, according to Offshore Shell Games released today by TexPIRG 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.

News Release | TexPIRG Education Fund

New Report: Texas Receives an “A-” in Annual Report on Transparency of Government Spending

AUSTIN — Texas received an A- 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 TexPIRG Education Fund.

News Release | TexPIRG | Democracy

TODAY SUPREME COURT RULED FOR ANOTHER FLOOD OF BIG MONEY

Today the U.S. Supreme Court ruled in McCutcheon v. FEC to strike down overall, or aggregate, contribution limits to candidates and political committees. U.S. PIRG research found that this ruling could bring $1 billion in additional campaign contributions from fewer than 2,800 elite donors through the 2020 election cycle.

News Release | TexPIRG | Public Health

Proposed Legislation Ignores Growing Movement For GMO 'Right To Know'

Last week, large food companies and big agribusinesses announced plans to pre-empt local and statewide citizen movements calling for labeling of genetically modified organisms (GMOs) in food. The Grocery Manufacturers Association (GMA) announced a partnership with 28 agricultural and food industry groups that are lobbying for a federal opt-in labeling scheme that would preempt any state action to require labeling. More than half of the state legislatures across the country are currently considering legislation to require labeling of GMOs in food sold in their state.

News Release | TexPIRG Education Fund | Tax

Texas could save $141.5 million with simple, proven method to curb offshore tax dodging, new study finds

Texas taxpayers could save more than $140 million from a simple reform to crack down on offshore tax dodging, according to a new report.

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