One Wisconsin Now

Community Blogs

Write your comment in the form below. Be sure to 'Preview' your comment to make sure that it will appear as you want it to.

Comment Title:
Your name:

Comment Text:

No HTML allowed. All HTML tags will be removed. URLs will be converted to clickable links.

Enter the text shown in the image:

Unregistered users must be validated in order to protect this website from content spam. You can skip this step by registering.

You Are Replying To This Comment:

Followup?

By Mark in Madison May 18th 2008 at 11:02 pm EDT

Can we have a follow-up? Did this make it into the budget repair bill? Did it get past the Republican House. This is a major story, and I hope that the mainstream media picks it up. It is much more important that the State Journals obsession with "Frankenstein."

You Are Commenting On This Post:

Legies to Close Wal-Mart Loophole

By Scot @ One Wisconsin Now - May 13th, 2008 at 11:35 pm EDT

Also listed in: Progressive WI Network

The State Senate took the lead today to end the loophole that lets Wal-Mart and other big corporations evade $15 million annually by exploiting the state tax law (and the taxpayers).

Under the tax evasion scheme, tells the Institute for Wisconsin's Future, Wal-Mart would have one part of its business pay another part of the biz for rent allowing it to "reduce" its Wisconsin profits and consequently, reduce the amount of money it's required to provide the taxpayers of Wisconsin.

As part of the budget repair bill, Senate Dems voted to close loophole and save the people of Wisconsin the $15 million it costs to give Wal-Mart et al this ridiculous tax giveaway.

Wal-Mart is already bilking the taxpayers of Wisconsin by having over 1,200 employees and their dependants get health care through BadgerCare at a cost of $2.7 million.

Hopefully, closing this loophole will be part of a long-term effort to restore sane and progressive tax policy to the state of Wisconsin.

OWN has previously called for restoration of the estate tax, which ended this year. If you haven't signed our petition on that yet, click here to take action today.