© 2025
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Consumer Group Urges End To Tax Havens To Avoid Fiscal Cliff

Money

A Massachusetts consumer group is urging Congress to close offshore tax loopholes as a step toward avoiding the so-called  “fiscal cliff”   WAMC’s Paul Tuthill reports

A report from MassPIRG Thursday said off shore tax havens are being used by large corporations and wealthy individuals to avoid paying $150 billion dollars in taxes annually.. MassPIRG legislative director Dierdre Cummings said its enough to cover the automatic spending cuts that would trigger with the fiscal cliff

Cummings said there are bills in both the House and Senate to curtail the use of  offshore tax havens.  But she said , so far, neither of the two US Senators from Massachusetts have endorsed it.

The record-setting tenure of Springfield Mayor Domenic Sarno. The 2011 tornado and its recovery that remade the largest city in Western Massachusetts. The fallout from the deadly COVID outbreak at the Holyoke Soldiers Home. Those are just a few of the thousands and thousands of stories WAMC’s Pioneer Valley Bureau Chief Paul Tuthill has covered for WAMC in his nearly 17 years with the station.