If Walmart operates in Canada and takes all the profit back to the US, is that reflected in the trade balance?

Comments

• Jimmycakes@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  Pretty sure they send the profits to Ireland or some other tax haven country like all the big companies

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  • Viri4thus@feddit.org ⁨2⁩ ⁨weeks⁩ ago

    Delaware, it goes to Delaware. It dwarfs most tax havens in the world. That shit makes Ireland look like amateur money lauderers keepers.

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    • Thassodar@lemm.ee ⁨2⁩ ⁨weeks⁩ ago

      Holy crap dude, thanks for the link.

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• ricketyrackets@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

  I will no longer be supporting Walmart, even after the tariffs are dealt with.

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  • crank0271@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

    Why? Is this some moral stance?

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    • ricketyrackets@lemmy.ml ⁨2⁩ ⁨weeks⁩ ago

      In fact yes it is. The Walton’s daughter Alice killed another person and got away Scott free.

      The “walmartification” of areas where they decimate small mom and pop stores by offering lower priced goods and then jack up the price once those stores are gone.

      It’s low pay with zero benefits to its employees is also bad.

      And from a moral standpoint, as a proud Canadian: Fuck the American corporations.

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    • Cruxifux@feddit.nl ⁨2⁩ ⁨weeks⁩ ago

      It’s an “I’m Canadian and America can fuck right off in every way I possibly can tell them to” stance.

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• marcos@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

  No. The trade balance is specifically about trade.

  The name for the thing that includes every money exchange is the payments balance… But it’s always balanced anyway, so nobody talks about it.

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