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