Connecting the classroom to the "real world"
Transfer Pricing & International Tax Considerations
All of these are about Wal-Mart but could just as easily be about the countless other companies that spend a lot of time/money figuring out how to pay less in taxes. The first of these articles is the one that I found most interesting and the rest tell the tale of a lengthy legal battle between the affected states and Wal-Mart. Use your NetDirect userid and password to access these links.
- Why Wal-Mart Set Up Shop in Italy; Retailer Has No Stores, As Tax Spat Lays Bare. Jesse Drucker. Wall Street Journal. (Eastern edition). New York, N.Y.: Nov 14, 2007. pg. C.1
- Friendly Landlord: Wal-Mart Cuts Taxes By Paying Rent To Itself; Other Retailers, Banks Use Loophole in Rules To Lower States’ Levies. Jesse Drucker. Wall Street Journal. (Eastern edition). New York, N.Y.: Feb 1, 2007. pg. A.1
- States Move to Close Tax Shelter That Benefits Wal-Mart, Others. Jesse Drucker. Wall Street Journal. (Eastern edition). New York, N.Y.: Mar 7, 2007. pg. A.2
- Inside Wal-Mart’s Bid To Slash State Taxes; Ernst & Young Devises Complex Strategies; California Pushes Back. Jesse Drucker. Wall Street Journal. (Eastern edition). New York, N.Y.: Oct 23, 2007. pg. A.1
- Every Day Low Prices, Every Day Low Taxes. Letters to the Editor. Wall Street Journal. (Eastern edition). New York, N.Y.: Nov 6, 2007. pg. A.17
- Politics & Economics: Judge Rules Against Wal-Mart Over Its Tax-Shelter Dispute. Jesse Drucker. Wall Street Journal. (Eastern edition). New York, N.Y.: Jan 5, 2008. pg. A.4
