November 19, 2014 |
There’s another reason Walmart is known as one of America’s greediest corporations: it won’t pay its fair share of taxes.
Walmart Stores is America’s top-earning corporation. In 2013, its revenues were $473 billion, yet it only declared $16 billion in profits. While it has been reported that Americans subsidize Walmart because its low-wage employees receive an estimated $6.2 billion annually in Food Stamps, Medicaid and other anti-poverty benefits, what’s not widely known is that Walmart has parked $21.4 billion in untaxed profits offshore and is currently lobbying to cut U.S. corporate tax rates.
“Walmart’s offshore profits have doubled in recent years at the same time that its offshore investments flattened, suggesting that the company is piling up cash overseas to avoid paying U.S. taxes on the earnings,” a new report by Americans for Tax Fairness found. “Walmart is working to reduce corporate tax rates and eliminate all taxation of foreign profits.”
“You’re starting to see Walmart playing games like other companies,” said Frank Clemente, Americans for Tax Fairness executive director and author of How Walmart is Dodging Billions in Taxes and Scheming to Avoid Billions More. “They’re engaging in a tax dodge.”
Walmart employees 74 lobbyists in Washington, has spent $32 million on tax-related lobbying in the past five years and underwrites other tax-cut lobbying by the Capital’s three largest tax-cut groups, AFT found, which are the RATE (Reforming America’s Taxes Equitably) Coalition, Alliance for Competitive Taxation, and the Business Rountable.
“There’s a big campaign going on here in Washington, D.C., to reform the corporate tax system,” Clemente said. “It’s a big lobbying effort being waged by big corporations to try to reduce their income tax rate at the same they’re lobbying for corporate tax loopholes.”
OTTAWA — Advocates for young workers took Stephen Poloz to task Tuesday after the Bank of Canada governor recommended that jobless university graduates beef up their resumes by working for free.
Speaking to a House of Commons committee, Poloz suggested young Canadians and others struggling to find work should acquire more experience through unpaid internships or volunteering until the country’s hobbled job market picks up. He predicted it would improve over the next two years.
Poloz told the committee that when a young person asks for advice on getting through the tough times, he says, “‘Volunteer to do something which is at least somewhere related to your expertise so that it’s clear that you are gaining some learning experience during that period.”‘
Read more: http://www.ctvnews.ca/business/boc-governor-s-advice-for-jobless-youth-boost-cv-with-unpaid-work-1.2086413#ixzz3IIvtDcBE
62p AN HOUR: What women sleeping 16 to a room get paid to make Ed and Harriet’s £45 ‘This Is What A Feminist Looks Like’ T-shirts
- Feminist T-shirts worn by politicians are made in ‘sweatshop’ conditions
- Migrant women in Mauritius are making the £45 tops for 62p an hour
- They say: ‘We don’t feel like feminists. We don’t feel equal. We feel trapped’
- Machinists sleep 16 to a room and earn less than average wage on island
- T-shirt is sold in Whistles in aid of activism group The Fawcett Society
- Deputy chief executive of the charity Dr Neitzert said they had originally been assured the garments would be produced ethically in the UK
- When they received samples they noted they had been made in Mauritius
- She added that if evidence emerges Whistles will have to withdraw range
- Harriet Harman wore shirt on front bench of the Commons during PMQs
Read more: http://www.dailymail.co.uk/news/article-2817191/62p-HOUR-s-women-sleeping-16-room-paid-make-Ed-Harriet-s-45-Feminist-Looks-Like-T-shirts.html#ixzz3Hvi4AGPs
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Unpaid interns for the website Gawker.com have won a round in court in their attempt to bring a class-action suit under the Fair Labor Standards Act.
A federal judge has ruled that lawyers bringing the suit can send notices to unpaid interns throughout the company who could potentially join the lawsuit.
The judge did not decide on the interns’ claims, but did rule they had sufficiently common characteristics to be certified as a class.
The court ruled the interns performed work similar to that of paid employees, contributed content to Gawker’s publications, moderated sections of its websites and received primarily on-the-job training. They had to follow Gawker’s general policies, were supervised in the same way as employees and received communications frommanagement in the same way employees did. They also used the same internal communications systems employees did, were expected to work independently and received no special training or instruction.
In other words, the company treated the interns just like employees in all ways except one—they weren’t paid.
Doug Ford’s Toronto mayoral campaign is hiring unpaid interns to work at the candidate’s campaign office answering emails, conducting research, and taking part in “many areas of campaign execution,” according to postings aimed at Toronto-area university students.
At least two listings were posted on Toronto universities’ job banks in late September seeking staffers who would work 120 hours at the Etobicoke office handling a variety of tasks without remuneration, potentially in violation of Ontario labour laws.
“Applicants must be available to work a minimum of 15-20 hours per week at the campaign office,” reads a listing on the York University Career Centre website.
The announcement, posted Sept. 23, includes a list of required office skills including: proficiency in Microsoft Word, Excel, Outlook, typing skills, research skills, and familiarity with online publishing and social media platforms.
“You will be involved with many areas of campaign execution and be exposed to the inner workings of how its [sic] all put together, gaining valuable experience and know how,” the posting promises.
A U of T job posting seeking three unpaid interns listed the positions as “political campaign organizer.”
Help wanted: Doug Ford campaign advertises ‘unpaid internship’ positions
An interior design business has come under fire for offering six unpaid “voluntary internships” totalling nearly 5,500 hours of work and equating to more than £34,000 in wages.
The Edinburgh-based Casa Morada has been reported for investigation to HMRC after the six month-long placements were spotted by eagle-eyed student journalists at The Student.
The company posted an advertisement on job searching website Gumtree in late August, offering six unpaid “voluntary work experience internships” on a 35-hour week for half a year.
Although the company has since taken the adverts down on Gumtree, HuffPost UK was able to locate the original post.