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Exposed: How Walmart Spun an 'Extensive and Secretive Web' of Overseas Tax Havens


#1

Exposed: How Walmart Spun an 'Extensive and Secretive Web' of Overseas Tax Havens

Deirdre Fulton, staff writer

Walmart has built a vast, undisclosed network of overseas tax havens—accounting for more than $76 billion of assets—that allows the multinational corporation to shirk public disclosure laws as well as its fair share of both foreign and U.S. taxes, according to a groundbreaking report published Wednesday by Americans for Tax Fairness.


#2

Golly, gee...well Ahl be darned...ya mean that what we dun wore shady? In the words of Gomer Pyle, "Well Gallll -eeee!" Another myriad reasons to NOT shop at Walmart...as if the poor treatment of their employees and the undermining of local commerce (causing local stores/vendors to close shop) were not enough reasons to avoid contributing to their sales/profits. Meanwhile, the Walton clan members sit in their counting rooms in the basements of their chateaus wallowing in their wealth.


#3

All that is needed is a wall-mart, a police department and a prison, who needs a well educated and well trained citizenry, free healthcare for all, investment in R&D, a government responsive to the average citizen? All they will do is ask us billionaires to shares the spoils with them, Why should we? We don't have to work hard at all, why should we when we can buy any politician to do what we ask, all our financial, stock manipulations, book cooking schemes seem to work time after time and non of us is in prison. After all we are the chosen people blessed by God to be rich because we are special, we are smarter and we are stronger, gods love us that's why they keep giving us money. You gotta problem with that?


#4

Three ways Wal Mart screws those of us who DO pay taxes:

1)Every dollar that WalMart evades in taxes is made up by increasing taxes on you, me and the rest of the taxpayers.

2)WalMart keeps its employees' wages and benefits just low enough for the employees to qualify for taxpayer funded food stamps, medical care, etc.

3)For more than a decade WalMart has been the largest private employer in more than half of the states, making WalMart no different than the Wall Street banks with respect to making it TOO BIG TO FAIL. If the company experiences financial problems the politicians they own will pull the same taxpayer funded bailout scam they pulled with the banks starting in 2008.


#6

You bet they can call in those chips. The same way Goldman, Sachs, Inc., did it: tell their wholly owned bipartisan legislators to pass a law making them a bank.

Works for those who have already stolen the dough.


#7

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#8

...and arguably Hillary's favorite corporation...


#9

Just another example of corporate malfeasance and greed. And all of it sanctioned - and protected - by the GOP. Sure, the law allows this to happen - and the GOP makes sure the lack of laws to prevent this type of tax evasion is never addressed.


#10

OK hero's- is Apple doing the same thing? Who makes all these Apple products? We have an economy based on slave labor. I can't believe Obama went to Nike to promote TPP-this is way bad karma