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Another Setback for Wal-Mart Stores, Inc. (WMT): Accused of Avoiding Taxes
Wal-Mart Stores, Inc. (NYSE:WMT) has always remained in the limelight for some reason or the other. The company has been accused of breaching food safety measures, slapped with bribery charges and faced labor disputes in the past. Such allegations significantly impact the company’s reputation and severely hurt investor confidence. Recently, a report by Americans for Tax Fairness accused the retail giant of having undisclosed subsidiaries in overseas tax havens.