Posted on 03/28/2016 8:20:31 PM PDT by cll
Edited on 03/29/2016 12:47:41 AM PDT by Admin Moderator. [history]
SAN JUAN, Puerto Rico (AP) — 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.
Whenever a company is allowed to keep its money they are stealing from the parasites.
Wow, so the legislators approved a huge increase on a business that’s about to close its stores, and the tax is levied on even merchandise that is not sold! I’m sure news of this tax will make businesses clamor to open up in Puerto Rico! And the thiefs...I mean “legislators” have the gall to say that the judge took $ from Puerto Ricans and gave it to Walmart!
It’s the “legislators” who should be in jail as they screwed up Puerto Rico for decades. But people get the government they deserve.
The government official who said this is far too cynical to actually believe it. This is theft, theft pure and simple from the stockholders of Walmart. Unfortunately, the people who elected him probably DO believe it.
The full text of the decision, here (some interesting reading, particularly on the extent of the Puerto Rico Government’s money problems):
http://www.noticel.com/uploads/gallery/documents/cca15369bf8cdf74fa04e32d50bac474.pdf
The problem is, guess who is going to eventually bail out Puerto Rico?
Hint: Got a mirror?
Hey Walmart. F em’ Leave.
“The judge just took away $100 million from the people of Puerto Rico and gave it to Walmart...”
The judge just prevented us from illegally stealing an extra $100 million from Walmart.
All property taxes are inherently evil, as is the notion that the money Walmart earned belongs “to the people”. Such sentiments will be punished harshly in the afterlife, and should ideally be punished in the present life as well.
But people get the government they deserve.
_____________
Not if they are un-armed.
In 2004 U.S. Navy closed the Roosevelt Roads Naval Air Station in Puerto Rico, eliminating 1200 civilian jobs as well as 700 military positions after continuous protests by locals teamed up by far-lefts including so called reverend Al Sharpton. This naval facility is estimated to have put nearly $300 million annually into the local economy.
If the same would have happened during mediaval times they'd have hanged or decapitated every protesters in public.
I don’t like Yahoo.
what tax are we talking about?
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