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Walmart accused of stashing billions in offshore tax havens


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Walmart accused of stashing billions in offshore tax havens

Walmart is facing allegations that it has some 70-billion euros in overseas tax havens.

A report by “Americans for Tax Fairness”:
http://www.americansfortaxfairness.org/files/TheWalmartWeb-June-2015-FINAL.pdf
suggests the retailer has used offshore subsidiaries and branches to avoid paying around three billion euros in tax.

The study found 90 percent of Walmart’s overseas assets are owned by subsidiaries in Luxembourg and the Netherlands, two of the most popular corporate tax havens.