Walmart faces huge tax increases on imports, sues Puerto Rico. Michael Walsh is fired for returning a found cash.
Walmart sued Puerto Rico unit on Friday due to the taxes being shockingly high. It is Puerto Rico largest private employer and brings more sales tax to the island government in comparison to other businesses. The retailers call the taxes to be ‘unfairly high’.
This tax increase faced by Walmart stores Inc. is because of US commonwealth who is seeking to restructure $70 billion of debts, every state of America is the victim of the taxes except for California and New York; however, the government of USA has made a decision this week to look into the matter and reinstate a law. The retail chains complain stated, “to an astonishing and unsustainable 91.5% of its net income.”
The rise in taxes is three times more than before, which pushed the company to sue Puerto Rico. In other news regarding Walmart Wholesale, one of its employees claimed to be fired for giving the cash he found in the parking lot slowly. According to fox news, his name was Michael Walsh and he was 45 years old, the incident took place in Niskayuna, New York on November 6.
The old worker found cash and returned to the manager. The manager called him and showed him the recorded tape through the stores security camera. The recording showed Michael took half an hour after finding the cash to turn it in. After this, the worker was insisted to give his badge and the discounts card offered to workers of 10% off on items in the stores of the company.
Walsh said, “I enjoyed my job, I was a good employee and always got to work on time, I got treated like a common criminal.” This is not the first time the company makes the news due to mistreatment of the workforce, it frequently make reports regarding employees creating problems or reporting them to the public for sympathy and wage raises.
Walsh was a full-time employee making $14.96 per hour, after his recent raise in salary. He found the cash while he was cleaning and taking the garbage out, after finding the money he counted it and found out it was almost $350. He said he heard yelling and went inside and found a woman yelling at the manager for losing her money. He got nervous and gave the cash to the manager, regardless of him returning the money found. Eventually, he was fired.
Walmart stock closed at $59.66, going green by 1.05% on December 4.
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