Difference between revisions of "2007/04/16/New Research Shows Wal-Mart Rigs the System"
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* '''author''': [[author::]] | * '''author''': [[author::]] | ||
* '''source''': [[site::Citizens for Tax Justice]] | * '''source''': [[site::Citizens for Tax Justice]] | ||
| − | * '''topics''': [[topic:: | + | * '''topics''': [[topic::Walmart]] [[topic::corporate welfare]] [[category:PDFs]] |
* '''link''': [[URL::http://www.ctj.org/pdf/walmart041607.pdf]] | * '''link''': [[URL::http://www.ctj.org/pdf/walmart041607.pdf]] | ||
* '''title''': [[title::New Research Shows Wal-Mart Rigs the System to Skip Out on $2.3 Billion in State Taxes]] | * '''title''': [[title::New Research Shows Wal-Mart Rigs the System to Skip Out on $2.3 Billion in State Taxes]] | ||
| − | * '''summary''': | + | * '''summary''': [[Summary::[[Wal-Mart]] appears to be skipping out on its fair share of taxes that most Americans have to pay to help support state governments. New research conducted in part by a leading non-partisan, non-profit tax organization reveals that Wal-Mart avoided $2.3 billion in state income taxes, cutting its payment to state governments almost in half between 1999 and 2005.]] |
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<p>[[Wal-Mart]] appears to be skipping out on its fair share of taxes that most Americans have to pay to help support state governments. New research conducted in part by a leading non-partisan, non-profit tax organization reveals that Wal-Mart avoided $2.3 billion in state income taxes, cutting its payment to state governments almost in half between 1999 and 2005:</p> | <p>[[Wal-Mart]] appears to be skipping out on its fair share of taxes that most Americans have to pay to help support state governments. New research conducted in part by a leading non-partisan, non-profit tax organization reveals that Wal-Mart avoided $2.3 billion in state income taxes, cutting its payment to state governments almost in half between 1999 and 2005:</p> | ||
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* Had Wal-Mart paid taxes at the statutory state corporate tax rates for the same period, it would have paid $4.7 billion in state income taxes. | * Had Wal-Mart paid taxes at the statutory state corporate tax rates for the same period, it would have paid $4.7 billion in state income taxes. | ||
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Latest revision as of 18:21, 23 October 2019
- when: 2007/04/16
- author:
- source: Citizens for Tax Justice
- topics: Walmart corporate welfare
- link: http://www.ctj.org/pdf/walmart041607.pdf
- title: New Research Shows Wal-Mart Rigs the System to Skip Out on $2.3 Billion in State Taxes
- summary: Wal-Mart appears to be skipping out on its fair share of taxes that most Americans have to pay to help support state governments. New research conducted in part by a leading non-partisan, non-profit tax organization reveals that Wal-Mart avoided $2.3 billion in state income taxes, cutting its payment to state governments almost in half between 1999 and 2005.
Wal-Mart appears to be skipping out on its fair share of taxes that most Americans have to pay to help support state governments. New research conducted in part by a leading non-partisan, non-profit tax organization reveals that Wal-Mart avoided $2.3 billion in state income taxes, cutting its payment to state governments almost in half between 1999 and 2005:
- Over those seven years, Wal-Mart reported $77.4 billion in pretax U.S. profits to its shareholders. But it reported a total state income tax bill of only $2.4 billion, just 3.16% of those profits.
- Had Wal-Mart paid taxes at the statutory state corporate tax rates for the same period, it would have paid $4.7 billion in state income taxes.