PennPIRG Education Fund Latest Blog Posts

Some of the most egregious tax loopholes allow large corporations to stash profits in offshore tax havens to avoid paying federal taxes. Many of the offshore subsidiaries are nothing more than PO boxes. In fact, a single five-story building in the Cayman Islands houses over 18,000 corporations under one roof. At least 22 of the companies among the Dirty Thirty have subsidiaries in offshore tax havens like the Caymans. Tax havens cost America $100 billion a year in lost revenue and it's ordinary taxpayers that end up footing the bill in the form of higher taxes, fewer services, or more debt.

Two years ago the Supreme Court's misguided Citizens United decision struck down long-standing Congressional limits on the political power of large corporations by vastly expanding the legal metaphor that "corporations are people." Now there is fresh evidence that corporate influence over Congress makes it easy for those same corporations to avoid their civic duty of paying taxes.

We don't always know if the gifts will be a hit but the one thing we count on is that the toys we purchase are safe.  Thanks to the hard work of agencies like the Consumer Product Safety Commission (CPSC) and consumer advocates like U.S. PIRG that's largely true.  But as our toy shopping researchers have found, that's not always the case.

Small business owners have big troubles with big banks and credit cards and the new Consumer Financial Protection Bureau (CFPB) should take a look at the numerous obstacles.

We've posted about avoiding bank fees before, but the latest Bank of America shenanigan deserves another word of caution.

PennPIRG’s advice to consumers remains simple: shop around (see our banking guide). Big banks can charge increasingly bigger fees and make it harder for customers to avoid them because they know consumers don’t shop around.

The U.S. Surgeon General Richard H. Carmona issued a comprehensive scientific report which concludes that there is no risk-free level of exposure to secondhand smoke.  The report finds that even brief secondhand smoke exposure can cause immediate harm, and concludes that the only way to protect nonsmokers from the dangerous chemicals in secondhand smoke is to eliminate smoking indoors.  For this reason, PennPIRG supports a ban on smoking in restaurants, bars, private clubs, and casinos.