TV Ad And Coordinated Actions Shine Spotlight On Walmart’s Use Of Tax Havens, Saying “You Pay Taxes, They Find Ways Not To”
Washington, DC — “Making Change at Walmart,” the national campaign to change Walmart into a more responsible employer, announced a national television ad along with coordinated actions in over 75 locations that will discourage customers from spending their tax refunds at Walmart because of the company’s use of offshore tax havens.
Watch the ad here: https://youtu.be/lTHUmszovkc
“It is well-documented that Walmart has billions stashed in off shore tax havens, presumably to avoid paying American taxes. A company like that doesn’t deserve one cent of your tax refund,” said Jess Levin, communications director for Making Change at Walmart. “We’ll be going from post office to post office to spread the message that while hard-working Americans are waiting in line to file their taxes, Walmart is finding ways to avoid paying theirs.”
Last year, Americans for Tax Fairness released a report detailing how the retailer has at least 76 billion dollars in assets placed in subsidiaries in places like Luxembourg, the Cayman Islands, and Barbados. Earlier this week, Oxfam released an analysis of the 50 largest U.S. corporations, finding that Walmart ranked among the worst in terms of number of subsidiaries in tax havens.
The ad will air on tax day which is April 18 this year. At the same time, over 75 actions will take place at over post offices and Walmart stores across the country including those in Dallas, Chicago, San Francisco, Boston, Phoenix, and Washington,
The ad script reads:
Taxes are due April 18th.
And if you’re an average American, you’ll be spending over 30% of your income on taxes.
But if you’re Walmart, you just open up dozens of shell companies in Luxembourg, the Cayman Islands and Barbados.
Foreign tax havens with zero Walmart stores.
All apparently so it can avoid American taxes, while paying its CEO nearly 20 million a year.
That’s the Walmart way…
You pay taxes, they find ways not to.
Remember that when you decide where to spend your refund.
For the complete Americans for Tax Fairness report, visit: http://www.americansfortaxfairness.org/walmart-tax-havens/.