Walmart is a company that is all about making money.
Its stock price soared to an all-time high last year, but that is due to the fact that the company has been paying billions of dollars in taxes, many of which are related to the US Department of Homeland Security’s (DHS) crackdown on companies that use the internet to circumvent its regulations.
In 2014, Walmart paid a whopping $14 billion in taxes and penalties, with many of the money going to the DHS.
But it was Walmart’s US tax payments that sparked some serious concerns among tax experts and politicians.
In February, the Department of Treasury said that it had issued a report concluding that the “widespread use of online payment systems, such as credit cards, debit cards, and cash-back cards, is increasingly being used by criminals to commit crimes, including money laundering, cyber-terrorism, and other serious crimes.”
While Walmart didn’t make the list of companies that have been targeted by the DHS for tax evasion, its business practices were still scrutinized.
In May of this year, Congress passed legislation to close a loophole in the federal tax code that allows companies to avoid paying taxes on their profits by using “corporate relocation, corporate acquisition, or other technology transfers to expand their business.”
The law also prohibited companies from using “substantial relocation” to shift assets, which can be used to dodge taxes.
Walmart did not use relocation, and in May of last year it announced that it was cutting 2,500 jobs.
The move was met with widespread outrage and criticism from lawmakers and business owners alike.
The company’s CEO, Mike Duke, even said that the decision was based on “purely business-related reasons.”
“We’ve been here all along, and we’re just going to move on,” he told CNBC in May.
Duke also admitted that Walmart was paying taxes in the US “on the assumption that the IRS will take action” on the matter.
The department also warned that Walmart had “significant financial risks” related to its use of tax shelters.
The DHS’ crackdown is just the latest example of how tax evaders are being rewarded by the government, even if they are not responsible for the crimes committed against them.
Walmart and other companies that make money by avoiding taxes are also being protected by the Federal Reserve, which is using the money to lend to corporations.
In recent years, the Fed has increased its lending to companies that do business overseas to pay for investments abroad, including the purchase of foreign subsidiaries, the creation of tax-free savings accounts, and loans to corporations that use tax shelters to reduce their tax liabilities.
In March, the Treasury Department announced that the bank would begin issuing new $2.5 trillion in loans to companies like Walmart that use shell companies to evade taxes.
And in April, the Federal Deposit Insurance Corporation announced that its bank would allow companies to pay off debt through shell corporations that they create to avoid taxes.
The federal government has long been accused of using its financial power to enrich its corporate overlords.
The US is currently the world’s third-largest exporter of goods and services and a major buyer of military equipment, and the US government is spending billions on infrastructure projects that benefit corporations.