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News Release | Illinois PIRG | Tax

Report Exposes How Taxpayers Bear Cost of Corporate Settlements

A report released today spotlights a common practice where corporations that commit wrongdoing and agree to financial settlements with the federal government, go on to claim such settlement payments as tax-deductible business expenses. The new study, released by the Illinois Public Interest Research Group (Illinois PIRG), follows a record year of corporate settlements, while many more settlements relating to banking, environmental, and consumer safety issues are expected.

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Report | Illinois PIRG Education Fund | Tax

Subsidizing Bad Behavior

BP’s recent $4.5 billion legal settlement with the Justice Department for its misdeeds in the Gulf oil spill was historic for being the largest ever criminal settlement. But it was historic for another reason as well—none of it is allowed to be tax deductible. Unfortunately, too many settlements for wrongdoing end up as tax deductions.

 

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Report | Illinois PIRG | Consumer Protection

Trouble in Toyland

The 2012 Trouble in Toyland report is the 27th annual Illinois Public Interest Research Group (PIRG) survey of toy safety. In this report, Illinois PIRG 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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News Release | Illinois PIRG | Consumer Protection

Survey Finds Dangerous Toys on Store Shelves

Dangerous or toxic toys can still be found on America’s store shelves, according to Illinois Public Interest Research Group’s 27th annual Trouble in Toyland report.

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News Release | Illinois PIRG | Consumer Protection

New Survey Shows Free Checking Widely Available At Small Banks But Banks Still Hiding Fees from Consumers

A survey of hundreds of banks and credit unions in 24 states and the District of Columbia found that free checking remains available at more than 6 out of 10 small banks and credit unions but was only found at one-quarter of surveyed big banks (those with over $10 billion in deposits). The survey released today by the Illinois Public Interest Research Group also revealed that fewer than half of branches surveyed obeyed their legal duty to fully disclose fees to prospective customers on the first request, while 12% provided no fee information at all. 

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Blog Post

Once again, product testing demonstrates that the risk of asbestos contamination in talc-based cosmetic products is simply too high to accept.

Blog Post

We need to make it easier for clothing companies to reuse and recycle. Policy, data collection and nonprofits can help.

Blog Post

Here are some tips to help consumers protect themselves during and after a disaster, including how to spot possible opportunists, bad deals and con-artists.

News Release | Illinois PIRG Education Fund

Peoples Gas released its fourth quarter report Tuesday on its troubled pipe replacement program. It shows that the average customer paid $11.67 per month over the fourth quarter -- more than ten times the $1.14 per month the legislature was told average customers would pay when it passed a law in 2013 allowing Peoples Gas to charge customers a surcharge to recover costs for the program. Over the course of the year, the average customer paid more than $130, which is 11 percent of their total bill, toward the troubled program.

Blog Post

We hear from the fashion industry expert and journalist on tech solutions to clothing overstock problems and how policy can drive industry change

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Illinois PIRG Education Fund is part of The Public Interest Network, which operates and supports organizations committed to a shared vision of a better world and a strategic approach to social change.