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Report: Walmart holds $76 billion in tax havens
Walmart has created 78 subsidiaries and branches in 15 offshore tax havens in a bid to cut the corporate giant's taxes on its foreign operations, according to Bloomberg.
The company holds at least $76 billion in assets through shell companies based in the low-tax havens of Luxembourg and the Netherlands, said Bloomberg, who quoted a report by Americans for Tax Fairness, an organization backed by national, state and local labor and community groups.
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Flying Tiger, New York City
Flying Tiger, the U.S. banner of Danish discounter Tiger, has landed in Manhattan, opening a 5,000-sq.-ft. outpost in the Flatiron district. The store has a modern Scandinavian look, with white walls, light wood flooring and a single aisle that winds through the space. The design focuses all the attention on the quirky, eclectic and very affordable product.
