The Panama Papers scandal highlights how corporate welfare cheats working American taxpayers.
And ... the Arvada city council through Arvada urban renewal gave-up $6 million tax dollars so Walmart could build here.
Meanwhile ... our streets?
Walmart hid $76bn of assets in foreign tax havens, new study claims | The Guardian - June 17, 2015
Walmart hid $76bn of assets in tax havens across the world, including $64.2bn managed by 22 different subsidiaries in Luxembourg, where Walmart has no stores, according to a study published on Wednesday. ...
According to the report, since 2011 Walmart has transferred ownership of its stores in Brazil, Japan, Puerto Rico and South Africa to Luxembourg. It claims that Walmart’s Luxembourg operations paid less than 1% in tax on profits of more than $1.3bn between 2010 and 2013. ...
