Walmart wins suit against Puerto Rico; tax declared invalid

Associated Press ^ | Mar. 28, 2016 7:54 PM EDT | Danica Coto

[Olog-hai]

Retail giant Walmart won a legal victory Monday in a fight over taxation by Puerto Rico’s government.

A federal judge in the U.S. island territory ruled that a modified tangible-property tax is invalid. The ruling was issued as Puerto Rico’s government rushes to find new sources of revenue and a debt restructuring mechanism from the U.S. Congress while struggling through a decade-long economic crisis.

Gov. Alejandro Garcia Padilla said his government will appeal the decision.

“The judge just took away $100 million from the people of Puerto Rico and gave it to Walmart,” he said, referring to the revenue the tax would have generated this fiscal year for the U.S. territory. “Now I have to look for that money somewhere else. Of course I’m going to appeal the decision, and immediately.” …

[Olog-hai]

That gobernador has some nerve. At least he reveals the kind of thought processes he has that are causing the problem.

[butlerweave]

The judge just took away $100 million from the people of Puerto Rico and gave it to Walmart

it’s Walmart’s money ,D’oh

[EDINVA]

That’s poli-speak!

[SpaceBar]

Good. Puerto Rico was trying to pull a mini Chavez.

[Chauncey Gardiner]

Walmart ought to get the **** out of there.

[E. Pluribus Unum]

Punish the innocent. Reward the guilty. It’s the Cloward-Piven way.

[wastedyears]

Love that line, “they took money away.”

You never had it in the first place. Can’t take away something you didn’t have.

[Ciexyz]

Sounds like PA Governor Tom Wolf’s TV campaign against the incumbent Republican governor, for a full year before the election, Wolf in constant ads promising he’ll make the drilling companies pay their fare share to help improve public schools. It worked. Wolf is good buds with the current Prez.

[KarlInOhio]

Plan B: Every government employee in Puerto Rico goes into Wal-Mart, shoplifts a television and fences it at a flea market to get back the tax money Wal-Mart just stole from them. < /s>

[Seruzawa]

Better title: Federal Judge Stops Puerto Rican Looter-Governor.

[Chode]

the PR's have three Wally's... $100,000,000/3, would it even be worth it to stay open?

[Stanwood_Dave]

See 1934 Chicago Tribune Political Cartoon (32 years Pre-Cloward–Piven Strategy)

http://freerepublic.com/focus/f-news/3353210/posts

See post No.#: - 14, to see the 1934 Political Cartoon, posted by me.

Nothing new, just rinse {a la 1934 Cartoon} & repeat {via Cloward–Piven Strategy proposed / readopted in 1966}