Here's how it works: One Wal-Mart subsidiary pays the rent to a real-estate investment trust, or REIT, which is entitled to a tax break if it pays its profits out in dividends. The REIT is 99%-owned by another Wal-Mart subsidiary, which receives the REIT's dividends tax-free. And Wal-Mart gets to deduct the rent from state taxes as a business expense |
Read the rest of the story HERE:
At www.wakeupwalmart.com
Cully Downer is Irish and the author of 'Ahaanews' a UK based blog activist site. He has been a mental health advocate and freelance author both in the UK and North America. He works independently and now lives in the south coast of England.