Close Corporate Tax Loopholes News Releases

News Release | Tax

Thirty Fortune 500 Companies Paid More to Lobby Congress than they Did in Federal Income Taxes, U.S. PIRG Study Shows

A new Georgia PIRG report marks the second anniversary of the Supreme Court’s decision in the Citizens United vs. Federal Election Commission case—which opened the floodgates to corporate spending on elections—this report takes a hard look at the lobbying activities of profitable Fortune 500 companies that exploit loopholes and distort the tax code to avoid billions of dollars in taxes.

PRIORITY ACTION

Some of the nation’s best-known companies — including GE, Google and Goldman Sachs — have avoided paying the taxes they owe, costing us $100 billion last year.

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