Report: Wal-Mart Has $76 Billion in Overseas Tax Havens

Wal-Mart Stores, Inc., has built a network of 78 subsidiaries and branches in 15 offshore tax havens to minimize taxes on its operations outside the United States, a report by tax reform advocacy group Americans for Tax Fairness said. Walmart owns at least $76 billion in assets through shell companies domiciled in Luxembourg and the Netherlands, the report said. The world's largest retailer does not list these subsidiaries in its annual filings with the U.S. Securities and Exchange...

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