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News Release | CoPIRG Foundation | Tax

Government Agencies Allow Corporations to Write Off Billions in Federal Settlement Payments

A new study by Colorado Public Interest Research Group (CoPIRG) Foundation analyzes which federal agencies allow companies to write off out-of-court settlements as tax deductions and which agencies are transparent about these deals. The study found that five of the largest government agencies that sign settlement agreements with corporations rarely specify the tax status of the resulting payments. Billions of dollars are allowed to be written off as cost of doing business tax deductions. Additionally, the report found that major government agencies do not consistently disclose the details of corporate settlement agreements.

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Report | CoPIRG Foundation | Tax

Settling for a Lack of Accountability?

When large companies harm the public through fraud, financial scams, chemical spills, dangerous products or other misdeeds, they almost never just pay a fine or penalty, as ordinary people would. Instead, these companies negotiate out-of-court settlements that resolve the charges in return for stipulated payments or promised remedies. These agreements, made on behalf of the American people, are not subject to any transparency standards and companies often write them off as tax deductions claimed as necessary and ordinary costs of doing business.

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News Release | CoPIRG Foundation | Consumer Protection

30th Annual Survey Finds Dangerous Toys on Store Shelves

Dangerous or toxic toys can still be found on America’s store shelves, according CoPIRG Foundation’s 30th annual Trouble in Toyland report. The survey of potentially hazardous toys found that, despite recent progress, consumers must still be wary when shopping this holiday season.

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Report | CoPIRG Foundation | Consumer Protection

Trouble in Toyland 2015

For 30 years, CoPIRG Foundation has conducted an annual survey of toy safety, which has led to over 150 recalls and other regulatory actions over the years, and has helped educate the public and policymakers on the need for continued action to protect the health and wellbeing of children. Check out the 2015 survey.

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Blog Post | Transportation

Transportation policy is health policy | Sean Doyle

While transportation is often just thought of as how we get from point A to point B, the way we choose to do so can have important consequences on our physical health, air quality, safety, the development of our cities, and how we interact within them.

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Unfixed Recalled GM Cars Still On Dealer Lots In Denver

“When there’s been a problem clearly identified that is linked to injuries and fatalities, they need to get those cars off the road immediately, and it doesn’t look like that’s happening fast enough,” Danny Katz with the Colorado Public Interest Research Group (CoPIRG) said.

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Media Hit | Tax

Liberty Global, Western Union among companies using tax haven loopholes, report finds

Colorado companies Liberty Global plc and The Western Union Co. were among the 362 multinational companies found to be maintaining subsidiaries in offshore tax havens, according to a report released Thursday by the Colorado Public Interest Research Group.

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Media Hit | Tax

CoPIRG: 362 Fortune 500 firms, including 7 in Colorado, use offshore tax havens

Nearly three-quarters of Fortune 500 companies maintain subsidiaries in offshore tax havens, including seven Colorado-based firms, according to a new report by the Colorado Public Interest Research Group and Citizens for Tax Justice.

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News Release | CoPIRG Foundation | Tax

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

Tax loopholes encouraged more than 70 percent of Fortune 500 companies – including Colorado’s Liberty Global and Western Union – to maintain subsidiaries inoffshore tax havens as of 2013, according to “Offshore Shell Games,” released today by the CoPIRG Foundation 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.

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News Release | CoPIRG Foundation | Safe Energy

VICTORY: PUC Rejects Xcel’s Energy Savings Rollback Proposal

On Wednesday, the Colorado Public Utilities Commission rejected Xcel Energy’s proposal to cut their energy savings programs by nearly a third from their 2014 level. The PUC also tightened up the rules around bonuses that Xcel can generate from meeting their goals and directed Xcel Energy to develop plans for new energy saving opportunities.

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Report | CoPIRG | Transportation

Privatization and the Public Interest

Transportation funding is a growing issue in Colorado as politicians and transportation officials grapple with funding challenges resulting from a decline in the value of the state’s gas tax, uncertainty around federal transportation funds, shifting travel trends, and pressures from the state’s growing population. Increasingly, state and local officials are looking at new kinds of arrangements between the public and profit-seeking corporations to provide upfront financing for transportation projects, including toll roads and transit lines.

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Report | CoPIRG Foundation | Higher Ed

FIXING THE BROKEN TEXTBOOK MARKET:

This study demonstrates that despite recent steps forward in the marketplace, high textbook costs will continue to be a problem for students unless the cost of high-priced, new editions of college textbooks comes down.

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Report | CoPIRG Foundation | Consumer Protection

Credit Cards, Consumer Complaints

In this report we explore consumer complaints about credit cards with the aim of uncovering patterns in the problems consumers are experiencing with their credit cards and documenting the role of the CFPB in helping consumers successfully resolve their complaints.

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Report | CoPIRG Foundation | Transportation

Transportation in Transition

A review of data from the Federal Highway Administration, Federal Transit Administration and Census Bureau for America’s 100 most populous urbanized areas – which are home to over half of the nation’s population – shows that the decline in per-capita driving has taken place in a wide variety of regions.

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Report | CoPIRG Foundation | Public Health, Consumer Protection

Trouble in Toyland 2013

The 2013 Trouble in Toyland report is the 28th annual CoPIRG Foundation survey of toy safety. In this report, CoPIRG Foundation provides safety guidelines for consumers when purchasing toys for small children and provides examples of toys currently on store shelves that may pose potential safety hazards.

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