Wal-Mart Fights Paying Fair Share of Property Taxes

by James Parks
on AFL-CIO Blog:

A new report shows Wal-Mart—the world’s largest retailer, which made nearly $12 billion in profits last year—is squeezing money out of local communities by trying to reduce its property taxes, the main source of revenue for schools, roads, police and fire protection.

The giant retailer has sought to reduce the property taxes it pays on 35 percent of its stores and 40 percent of its distribution centers, according to a report by the nonprofit research group Good Jobs First. In fact, Rolling Back Property Tax Payments, estimates the company has filed more than 2,100 property tax challenges nationwide. Click here for the full text of the report. More...