This past January, the insurance giant Aetna announced that it would raise its minimum wage to $16 an hour, and in late April, these raises finally made it into its employees’ pockets. As part of an effort to reduce the stress faced by front-line customer service associates in addressing their… Read More»
Walmart, America’s largest corporation, dodges an average of $1 billion in U.S. taxes every year through loopholes and is scheming to avoid billions more, according to a new report published today by Americans for Tax Fairness. The profitable mega retailer is well-known for its aggressive efforts to cut costs and maximize… Read More»
Walmart, the nation’s most profitable corporation, may also be the greatest beneficiary of the taxpayer-funded Supplemental Nutrition Assistance Program (SNAP), commonly referred to as food stamps. But how has Walmart managed to make so much money off of taxpayers? For the short answer, take a look at the chart below… Read More»
Walmart, the world’s wealthiest corporation, has avoided an estimated $104 million in U.S. taxes by granting extravagant “performance pay” bonuses to top executives, according to a new report by Americans for Tax Fairness and the Institute for Policy Studies. The company utilizes a loophole that allows companies such as Walmart… Read More»
Walmart, the world’s most profitable retailer, is starting to show signs of decline. Last week, the company reported a 21 percent dip in profits over the fourth quarter and a decline in its same-store earnings over that same period, leading a financial analyst to downgrade the company’s stock rating on… Read More»