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View Diary: Walmart owners look to slash federal tax payments (66 comments)

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  •  Yep .. I agree :) (1+ / 0-)
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    tardis10

    I would add though that it's not just a matter of legality.

    The seeking of tax shelters, in ever creative manners, is not illegal.

    But when you have more wealth or income than you need to sustain your already lavish lifestyle, then it is immoral.

    And yes, there is a place for morals in tax payment. Ask J K Rowling.

    I hope that the quality of debate will improve,
    but I fear we will remain Democrats.

    by twigg on Wed Nov 21, 2012 at 08:31:51 PM PST

    [ Parent ]

    •  twigg - no there is not (0+ / 0-)

      ask Judge Learned Hand.

      In addition, the decision by the board of directors at Walmart benefits all Walmart shareholders, not just the family. The board has a fiduciary duty to do what is in the best interest of the shareholders. It has no duty to the US Treasury.

      "let's talk about that"

      by VClib on Thu Nov 22, 2012 at 07:47:32 AM PST

      [ Parent ]

      •  I wasn't actually referring to (1+ / 0-)
        Recommended by:
        tardis10

        the Walmart decision. That makes good sense and is not the "morality" I mean.

        And yes, there is :)

        I hope that the quality of debate will improve,
        but I fear we will remain Democrats.

        by twigg on Thu Nov 22, 2012 at 07:51:52 AM PST

        [ Parent ]

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