Walmart and US Securities Exchange Commission

Luxembourg: Over 90 percent of the company international assets are owned by subsidiaries in Luxembourg and the Netherlands, according to Russia Today. The remainder are stored in 13 other countries, none of which have been publicly reported to the US Securities and Exchange Commission, the report said. According to a report by Americans for Tax Fairness, Walmart has at least 78 offshore subsidiaries and branches ‒ more than 30 of which have been created since 2009 ‒ where it has stashed more than $76 billion in assets. Walmart annual reportsto the SEC show that the company shaved more than $3.5 billion from its income tax bills in the past six years, according to Bloomberg Business. It paid a tax rate of less than 1 percent on that $1.3 billion. Despite having no stores in Luxembourg, Walmart companies reported $1.3 billion in profits there between 2010 and 2013. (news.financializer.com). As reported in the news.