13 votes

Walmart dodged up to $2.6 billion in US tax through a “fictitious” Chinese entity, former executive says

Posted by spit-evil-olive-tips
Tags: business, walmart, usa, retail, supermarkets, crime, china, taxes, tax avoidance, author.max de haldevang, source.quartz, paywall
https://qz.com/1701404/walmart-allegedly-created-fictitious-chinese-jv-to-avoid-us-tax/

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Title
Walmart allegedly created "fictitious" Chinese JV to avoid US tax
Authors
Max de Haldevang
Published
Sep 5 2019
Word count
3046 words

1 comment

  1. skybrian
    Link
    It seems like the IRS should be noticing when big companies avoid taxes in a major way and Congress should be passing laws to close loopholes like this every year. Like, nice try, tax accountants,...

    It seems like the IRS should be noticing when big companies avoid taxes in a major way and Congress should be passing laws to close loopholes like this every year. Like, nice try, tax accountants, you got away with it for one year.

    2 votes