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Walmart Accused by Whistleblower of Underpaying U.S. Taxes

Walmart
Photo Credit: Walmart via Flickr cc

A former Walmart executive has filed documents with the Internal Revenue Service (IRS) alleging that Walmart underpaid taxes using shady (though not illegal) tricks and maneuvers. According to another former executive, who shared the documents with Quartz, this kind of manipulation was not uncommon among multinational companies, but Walmart played especially fast and loose.

Walmart denied any wrongdoing. “The transactions brought to our attention were appropriately reported to and audited by the IRS,” a spokesman said in an emailed statement. “The tax years covering this matter were closed by the IRS more than seven years ago.”

Read the full story at Quartz.