CorpWatch : Bribing Mexico: Walmart Accused of Corruption
Walmart are out for every penny they can get. In America they take out life insurance policies on staff and name the company as the recipient of the cash!!! Of course, the payments are deductible against their business taxes but the gain more money as the policies pay out at a later date.They call it the dead peasant policy!!
When they came to the UK after buying ASDA, they did they same thing. The unions were told about it by American workers and told ASDA that they would closed them down. The policies were cancelled.
Walmart are not alone in this gimmick. Many American firms do the same thing.
Walmart are out for every penny they can get. In America they take out life insurance policies on staff and name the company as the recipient of the cash!!! Of course, the payments are deductible against their business taxes but the gain more money as the policies pay out at a later date.They call it the dead peasant policy!!
When they came to the UK after buying ASDA, they did they same thing. The unions were told about it by American workers and told ASDA that they would closed them down. The policies were cancelled.
Walmart are not alone in this gimmick. Many American firms do the same thing.
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