New York Times: Walmart’s Bumpy Day: From Wage Increase to Store Closings

Matt Gardner, a senior fellow at the Institute on Taxation and Economic Policy, a nonprofit research group, said it was difficult to forecast precisely how much Walmart would save. But based on the company’s average annual United States earnings over the past five years, he said, savings from the cut in the corporate tax rate alone could be roughly $2.2 billion a year, or 40 percent. He said the figure could be higher or lower depending on tax breaks the company might be losing, or new advantages in the treatment of capital investments and other provisions. Read more

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