To: Mary Jo White, SEC Chair

Urge the SEC to Demand Full Disclosure of Walmart's Offshore Subsidiaries in Tax Havens

Urge the SEC to Demand Full Disclosure of Walmart's Offshore Subsidiaries in Tax Havens

American taxpayers deserve a greater degree of transparency and demand full disclosure of Walmart's offshore subsidiaries and how much the company is avoiding in taxes. According to our estimates, Walmart is using tax havens to hold $76 billion in assets.

We are calling on the Securities and Exchange Commission (SEC) to determine if Walmart is skirting the law when it comes to reporting its use of tax havens and using these tax havens to avoid paying taxes. Average Americans and small businesses have to make up the difference when Walmart doesn’t pay its fair share.

Ask Mary Jo White, SEC Chair, to demand full disclosure of Walmart's offshore subsidiaries in tax havens and how much Walmart may be avoiding in taxes.

Why is this important?

Walmart has built a vast, undisclosed network of 78 subsidiaries and branches in 15 overseas tax havens. These may be used to minimize foreign taxes where Walmart has retail operations and to avoid U.S. taxes on those foreign earnings. These tax-haven subsidiaries have remained largely invisible, in part because Walmart does not list them in its annual 10-K filings with the SEC.

Updates

2015-07-07 07:58:01 -0700

20,000 signatures reached

2015-07-06 12:59:23 -0700

10,000 signatures reached

2015-07-06 11:13:59 -0700

5,000 signatures reached

2015-07-06 10:38:27 -0700

1,000 signatures reached

2015-07-06 10:35:46 -0700

500 signatures reached

2015-07-06 10:32:42 -0700

100 signatures reached

2015-07-06 10:31:44 -0700

50 signatures reached

2015-07-06 10:30:40 -0700

25 signatures reached

2015-07-03 14:53:32 -0700

10 signatures reached