Thursday, August 16, 2007

Wal-Mart is effective at not paying taxes in Wisconsin.

Stumbled across this while looking for other information, but interesting, nonetheless. All information courtesy of the Institute for Wisconsin's Future:

Wal-Mart responded to IWF’s recent criticism of its tax-avoidance by bragging publicly about how effective it is at not paying taxes in Wisconsin. A Wal-Mart spokeswoman said the giant company uses the so-called REIT tax loophole to avoid corporate income taxes from 84 of its 89 state stores.

Wal-Mart’s comments came in response to a column by Mike Ivey in the Capital Times newspaper, which relied on IWF data.

»Read Ivey’s original column.
»See Wal-Mart’s response.
»See IWF’s sidebar on Wal-Mart, published as a part of our Broken Partnerships report.
»See a report on Wal-Mart tax avoidance by Citizens for Tax Justice.

2 comments:

Anonymous said...

I have 2k in stock. Once they take over the world I'll be rich.

Anonymous said...

it's worf it'a shop dare...'ay gots da cheapis pricus n'town!

-meathead with arctic cat sticker on his rusty '92 F150