If Walmart operates in Canada and brings all the profit back to the US, is that reflected in the trade balance?
Question works for Amazon, etc.
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14 replies
Pretty sure they send the profits to Ireland or some other tax haven country like all the big companies
Delaware, it goes to Delaware. It dwarfs most tax havens in the world. That shit makes Ireland look like amateur money
laudererskeepers.Edit: added sauce
Holy crap dude, thanks for the link.
I will no longer be supporting Walmart, even after the tariffs are dealt with.
Why? Is this some moral stance?
In fact yes it is. The Walton’s daughter Alice killed another person and got away Scott free.
The “walmartification” of areas where they decimate small mom and pop stores by offering lower priced goods and then jack up the price once those stores are gone.
It’s low pay with zero benefits to its employees is also bad.
And from a moral standpoint, as a proud Canadian: Fuck the American corporations.
The walmartification description there applies to their suppliers, too. They offer a great purchase price (especially to food goods) and sell at a loss so both farmers and customers choose Walmart. Once competition is stifled, they slap the farmers with reduced offers (while no other chains have the total purchasing power anymore) while sale price can afford to come up a bit on the shelf.
This type of move by Huy Fong led to the Sriracha sauce shortage when the chili farmers rejected the low bid and were willing to let the crop rot.
Chili farmers are the real heroes
hear hear!
Thank you for the clear and concise response. Perhaps I should have been more specific in my intended question: Walmart is and has always been problematic. Why now?
Sometimes all it takes it something unrelated (sort of) to remind us of our principles.
They don't have to get up to all that to blast the mom and pops, economies of scale make their prices already lower. Maybe they did that back in the 80s when they were truly ramping up.
It’s an “I’m Canadian and America can fuck right off in every way I possibly can tell them to” stance.
No. The trade balance is specifically about trade.
The name for the thing that includes every money exchange is the payments balance... But it's always balanced anyway, so nobody talks about it.