Thursday, November 20, 2014

Report: Walmart uses loopholes to avoid $1 billion in federal taxes

Posted By on Thu, Nov 20, 2014 at 10:19 AM

click to enlarge screen-shot-2014-11-19-at-11.06.39-am-e1416446129568.png
A new report from the Americans for Tax Fairness concludes that Walmart is avoiding $1 billion in federal income taxes through loopholes and avoiding taxes on $21 billion in profits by holding the money outside the U.S.

The report says the company spent $32 million in a year on lobbyists who work to make the tax system more advantageous to the Arkansas-based retailer. It has also put $6.1 million into political campaigns since 2009.
Favorite

Comments (15)

Showing 1-15 of 15

Add a comment

 
Subscribe to this thread:
Showing 1-15 of 15

Add a comment

More by Max Brantley

  • 2nd Amendment meets the 1st in Fayetteville on campus carry

    They've had a forum in Fayetteville today on Rep. Charlie Collins' fervent desire to force more pistol-packing people onto the campus at the University of Arkansas (and every other college in Arkansas.) He got an earful from opponents.
    • Jan 20, 2017
  • Reality TV: Watching burglary live in LR

    A home surveillance system helped a Pinnacle Valley home owner get photos, but not immediately catch, burglars who stole two firearms Wednesday morning.
    • Jan 20, 2017
  • The Trump open line.

    Here's your open line. I hear there's a new president.
    • Jan 20, 2017
  • More »

Readers also liked…

Most Shared

  • Sarah Huckabee Sanders to be deputy White House press secretary

    Donald Trump announced additional White House staff today, notably including Sarah Huckabee Sanders, deputy assistant to the president and principal deputy press secretary.
  • Legislation filed for $10 million school voucher program

    The legislation to vastly expand transfer of state tax dollars to private schools came before the school choice day event I mentioned earlier.
  • Pork and more

    Some notes on disparate topics before I take a vacation break.
  • Trumpeting

    When President-elect Trump announced he would, in a few days, force Congress to enact comprehensive health insurance for everyone, poor or rich, that would provide better and cheaper care than they've ever gotten, you had to wonder whether this guy is a miracle worker or a fool.
  • Putin and Trump

    Here's a thought exercise: What do you suppose would happen if Russian strongman Vladimir Putin decided to clarify remarks he reportedly made about Donald Trump during the election campaign?

Visit Arkansas

1.73-carat diamond found at Crater of Diamonds State Park

1.73-carat diamond found at Crater of Diamonds State Park

Jack Pearadin and Doug Nelsen found a 1.73-carat diamond after nearly a year of searching the park's field.

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation