Walmart’s CEOs and other executives are being lavished with excessive pay. Thanks to a tax loophole, the corporation reduced its tax bill by $104 million between 2009 and 2014 by deducting the bonuses of its executives — sticking the rest of us with the tab.
This report by the Institute for Policy Studies and Americans for Tax Fairness delves into Walmart’s exploitation of the loophole for “performance-based” executive pay and how much it has cost our country.
Read the report: Walmart’s Executive Bonuses Cost Taxpayers Millions.
And check out these materials, too:
- Press Release: Authors of Walmart Executive Bonuses Report Thank Walmart for Implicitly Admitting the Substance of the Study
- Press Release: New Report Reveals Walmart Cut Its Taxes By $104 Million By Giving Executives Lavish “Performance-Based” Bonuses
- Table: Pay Subsidies Among Walmart’s Top Executives — Details for 2009-2014