Wal-Mart figures out a way to avoid paying taxes

Heh heh. This is funny, and makes me view Wallyworld in an even dimmer light than ever. State governments in some states found out Wal-Mart figured out a tax evasion scheme. Basically it involves Wal-Mart paying rent to itself and then writing it off as an expense. Instant tax break. Sorry if this is old news, but I just read about it in the newspaper.

Actually, while I have no love lost for Walmart, according to some accountant friends of mine, a lot of corporations do this, not just Walmart. Apparently it’s perfectly legal.