Bombshell Report Finds Walmart Is Hiding Billions Of Dollars To Avoid Paying US Taxes



A new report from Americans For Tax Fairness uncovered Walmart’s vast network of international subsidiaries that Walmart is using to hide $76 billion in order to avoid paying taxes in the United States.

Here are some of the key findings from the report:
Walmart has established a vast and relatively new web of subsidiaries in tax havens, while avoiding public disclosure of these subsidiaries.

All told it has 78 subsidiaries and branches in 15 offshore tax havens, none of them publicly reported before. They have remained invisible to experts on corporate tax avoidance in part because of the way Walmart has filed information about them to the U.S. Securities and Exchange Commission (SEC). Walmart may be skirting the law as there is a legal requirement to list subsidiaries that account for greater than 10 percent of assets or income.


Luxembourg, dubbed a “magical fairyland” by one tax expert because of its ability to shelter profits from taxation, has become Walmart’s tax haven of choice.

It has 22 shell companies there – 20 established since 2009 and five in 2015 alone. Walmart does not have one store there. Walmart has transferred ownership of more than $45 billion in
assets to Luxembourg subsidiaries since 2011. It reported paying less than 1 percent in tax to Luxembourg on $1.3 billion in profits from 2010 through 2013.

Walmart has made tax havens central to its growing International division, which accounts for about one-third of the company’s annual profits.

At least 25 out of 27 (and perhaps all) of Walmart’s foreign operating companies (in the U.K.Brazil, Japan, China and more) are owned by subsidiaries in tax havens. All of these companies have retail stores and many employees. Walmart owns at least $76 billion in assets through shell companies domiciled in the tax havens of Luxembourg ($64.2 billion) and the Netherlands ($12.4 billion) – that’s 90 percent of the assets in Walmart’s International division ($85 billion) or 37 percent of its total assets ($205 billion).


Walmart appears to be playing a long game – from tax deferral to profit windfall.

It is using tax-haven subsidiaries to minimize foreign taxes where it has retail operations and to avoid U.S. tax on those foreign earnings. Walmart apparently hopes the U.S. Congress will reward its use of tax havens by enacting legislation that would allow U.S.-based multinationals to pay little U.S. tax when repatriating current low-taxed foreign earnings (such as to fund infrastructure spending) and pay no tax with the adoption of a territorial tax system.

Republicans have been pushing hard for a tax-free holiday to allow these corporations to bring the money back to the US with no taxes due. Walmart is waiting for Republicans to pass a bill that will reward them for hiding money overseas.

Not only does Walmart keep their workers in poverty through low wages, kill small locally owned businesses when they move into an area, cause an increase in local taxes by getting sweetheart tax free deals from local politicians, tax dodging by corporate giants like Walmart increases taxes on small businesses by $3,200 a year.

The Walton family are the only people who benefit from the Walmart way of doing business. Walmart is one of the biggest tax cheats in the United States, which is why it is time for the IRS and the federal government to investigate Walmart.

16 Replies to “Bombshell Report Finds Walmart Is Hiding Billions Of Dollars To Avoid Paying US Taxes”

  1. That fight between the two gals in the
    shampoo aisle was a hoot. Guess they’ll
    have to shop Target or K-mart from now

  2. And Wally World is just one of many. If the IRS had sufficient manpower to thoroughly look at all the biggies, the hidden cash would most likely be in the trillions, not billions.

    Sooo, how do you like being treated like a mushroom?

  3. When Daddy Wal-Mart (Sam Walton) was alive he actually tried to do some good things. But his children are all about greed, greed, greed.

  4. My aunt worked at Wal-Mart in the late 80’s to mid 90’s. She told me that after Sam died, EVERYTHING changed virtually the next day. For the worse of course. They took the personal caring aspect out of their culture.

  5. “1) Exxon Mobil made $19 billion in profits in 2009. Paid no taxes and got a $156 million IRS rebate
    2) Bank of America got a $1.9 billion refund last year, made $4.4 billion and got a 1 trillion dollar bailout.
    3) General Electric made $26 billion in profits over the past 5 years & got a $4.1 billion refund.
    4) Chevron got a $19 million refund & made $10 billion in profits in 2009.
    5) Boeing got a $124 million tax refund.
    6) Valero Energy — $68 billion in sales & got a $157 million refund check & $134 million tax
    break over the past 3 years.
    9) ConocoPhil¬lips — made $16 billion in profits from 2007 through 2009. Got $451 million in tax breaks.”
    Apache: Houston-based oil and gas company………..Profits: $6 billion Effective tax rate: -0.3%

  6. Another reason the GOP would never win the white house. These 1% people know that the GOP would end up in another world war, and their precious money would go to hell. They ain’t gonna let that happen.

  7. And so is the truth behind what is happening. The Congress cute funding to govt. agencies like the IRS, Postal Serv., Education, Highway and other infrastructure, and so on, then points out to a public, that can’t seem to see the forest for the trees, that these agencies need to be “PRIVATISED”! And THEN come the COCK BROS. and the likes, and BAM!!! Our entire govt. ceases to exist. The whole thing is just a big corp. But hell it already is since all of DC work for the MEGA CORP. Damn sure not “of and by the people”! well, just a few people. Definitely not you or I. Maybe one day SOON the American Voter will open their eyes to this ILLEGAL CRONYISM and send them ALL PACKING and take back our GREAT NATION!!!

  8. The cancer on democracy, responsible business practices and civil rights, known as Wal-Mart, developed and instilled their business model from the start. The self-serving, uncaring way the company does business is not a product of the recent past. Almost from the start they moved in to a small town, snuggled up next to a grocery store and commenced to eliminate the competition. It was and still is the same old insidious “Wal-Mart way”.

    Waving the American flag, and eliminating American jobs by demanding lower prices from their vendors. The only way their vendors can satisfy them is to have their products made in China or the near slave wage of another country and economy.

    If people, decent people, actually put some thought into all the different ways Wal-Mart squeezes the American people, from the low wage and unaffordable health insurance for employees to legally (?) stealing tax dollars by hiding profits overseas, even the hardest of hearts would stay away from their store…

  9. Ok, I hear all this BS about this party this and this party that. Pull your head out and realize both sides are about making THEMSELVES, money. They no longer care about what any of us think. Don’t even begin to think this is one side of the isle, it’s both.

  10. I wonder what secrets TARGET is hiding? Would be interesting to find where they are of the TAX EVASION chart. We already know SEAR owns K-Mart.

  11. You can find out by going to These hardworking investigative journalists worked on the Luxembourg Leaks for a long time. You can search for tax dodgers by country. While you’re there, read the article about Amazon. The EU went after multinational corps & Amazon falls into that category. They opted to pay their taxes before they were fined an additional 25% penalty. I do believe I saw Target on that list, but look it up & spread the word.

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