Walmart’s Executive Bonuses Cost Taxpayers Millions

Source: Sarah Anderson and Frank Clemente, Americans for Tax Fairness and Institute for Policy Studies, June 4, 2014

From the summary:
New report reveals that Walmart cut its taxes by $104 million by giving executives lavish “performance-based” bonuses. Walmart has been widely criticized for shifting the costs of its low-wage model onto taxpayers. This report, co-published by IPS and Americans for Tax Fairness, reveals that taxpayers also subsidize much of the cost of Walmart’s executive pay. Specifically, the report calculates the cost of a tax loophole that allows Walmart and other corporations to deduct unlimited amounts from their income taxes for the cost of executive compensation if it is in the form of stock options and other so-called “performance pay.”…