Walmart Loses REIT Tax Evasion Lawsuit - Corporate News Article - walmart, tax, reit

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Walmart Loses REIT Tax Evasion Lawsuit

Article Submitted by: finblogger
Corporate News

Tags: Walmart, Tax, Reit, Evasion, Shelters.

Walmart lost a case in North Carolina where it sought $33.5 million in refunds for taxes paid on account of a tax strategy where it paid itself taxes and then claimed deductions on it.

Submitted: Jan 6, 2008 Views: 843 Comments: 1 Likes: 1

View Article: http://www.money-rx.com/blog/2008/01/walmart-loses-reit-tax-strateg...

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Comments Received:

david
(Unregistered)

This isn't the first time Wal Mart has tried to legally define away it's obligations. In its very early days, it tried the same trick -- arguing that it had no obligation to pay its employees minimum wage:

Wal Mart
http://firstmention.com/walmart.aspx

It all has a familiar feel, especially given today's news about their legal shenanigans with their taxes.

Posted: Jan 6, 2008

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