Search This Blog

6/20/15

Exposed! Walmart Has $76 Billion Stashed In "Magical" Tax Havens




http://bit.ly/1zfNXza Walmart’s profit-at-any-cost philosophy—including a virtual assault on the rights of its hourly workers and its continuing reliance overseas suppliers with a collective penchant for human rights violations—is widely known; but its use of foreign tax havens to shelter $76 billion in assets has flown under the radar. Until now. Americans for Tax Fairness just released a “groundbreaking” report—”The Wal-Mart Web: How the World’s Biggest Corporation Secretly Uses Tax Havens to Dodge Taxes”—that reveals an extensive, covert “network of 78 subsidiaries and branches in 15 overseas tax havens, which may be used to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign earnings.” All told, this financial legerdemain has shaved no less than $3.5 billion from the megacorp’s income tax bills in the last six years, alone. http://bit.ly/1Gzlmt2 http://bit.ly/1H5YTqU

No comments:

Post a Comment

For Purchases and Marketing help, please use our email form.

Subscribe to: Post Comments (Atom)
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in an effort to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. we believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission from the copyright owner.

© 2012-2024. The content on this website is owned by us and our licensors. Do not copy any content (including images) without our consent.


Disclosure The disclosure is this, I’m an affiliate marketer and a blogger. When I talk about a product, I often have a affiliate link attached to that product. When someone buys that product, I get paid. It’s that simple. According to the new law from the FTC, I need to disclose this to you.