Follow The Money: Wal-Mart Taxing Strategies

Following up on a post from last Friday, this is a copy of a report featured in the most recent issue of BusinessWeek. The report was compiled by The National Institute on Money in State Politics, and for more information on where the organization receives its funding you can click here.

Among other things, the report found:

Like many large corporations, Wal-Mart has been actively pursuing a strategy to limit its state tax burden. In nine states where these activities have been more focused, an analysis of campaign contributions given by Wal-Mart and its fiscal consultant Ernst & Young reveals that:
***65 percent of Wal-Mart’s contributions — or almost $2.5 million — were given in those nine states;
***Wal-Mart favored Republicans while Ernst & Young favored Democrats;
***Winning candidates or incumbents not up for re-election received 92 percent of Wal-Mart donations and 84 percent of Ernst & Young’s, an
indication that access — no matter the party — was paramount.

Taxing Strategies: Always Cutting Prices, Wal-Mart Attempts To Rollback Taxes

Posted by Corey Himrod on Tuesday, October 30, 2007

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