Dear friend and supporter,
I've taken over as Digital Director at Americans for Tax Fairness from Jay Davis and just launched the petition "Urge the SEC to Demand Full Disclosure of Walmart's Offshore Subsidiaries in Tax Havens."
Our research has found that Walmart has set up 78 shell companies in 15 tax havens. A principal reason a company uses offshore tax havens is to avoid paying its fair share of taxes here at home.
According to our calculations, Walmart owns $76 billion in assets through just two notorious tax havens – Luxembourg and the Netherlands. This is shameful behavior by the largest employer in the United States and by a company majority-owned by one of the richest families in the World. It shouldn't be tolerated.
Please sign our petition:
When Walmart and other big corporations do not pay their fair share of taxes guess who picks up the tab – you and me. Walmart owes its success to the resources and services that are made possible through taxes: roads, bridges, schools, the legal system and everything else that helps the American economy thrive.
But Walmart – and many other corporations – increasingly use tax havens to avoid paying their fair share. We need to know whether Walmart is skirting the law by using secretive tax havens and how much it is avoiding in taxes.
Thank you!
Jose Martinez
P.S. Can you also take a moment to share the petition with others? It's really easy – all you need to do is forward this email or share this link on Facebook or Twitter:
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