Findings About 6 Florida Malls Part Of National Report Release Today On Westfield’s Tax Games
FLORIDA — A new report released today by, United Voice, shows that Westfield Malls have shortchanged Florida communities out of $12 million annually.
Westfield has aggressively pursued appeals to lower the tax it pays. Property tax directly funds local public schools and other essential services, including police and fire fighters.
“Westfield’s Two Faces: Community Consequences of Tax Avoidance”, the report released today, compares the property values reported to shareholders to property tax payments.
You can see the full report here: http://westfieldwatch.com.au/
Nationally, schools and communities across the US could fund over 1,500 teachers and $60 million in other essential services per year if Westfield, the world’s largest shopping mall company, paid property taxes on the reported values of its US malls.
In total, Westfield reports to shareholders that 45 US properties are worth $17.4 billion, but only pays taxes on $10.5 billion, 60% of the reported values.
Six of the Westfield Malls are in the Tampa Bay area and one is in Broward County. Together, Florida taxpayers have been shortchanged by $12.3 million. The biggest loser being local public schools.
The release of the report is part of the National Day of Action to Reclaim the Promise of Public Education, sponsored by the American Federation of Teachers (AFT) and over 100 community groups and unions.
United Voice, one of Australia’s largest unions, has issued this report after a broad and ongoing examination of Westfield’s global social responsibility track record. Westfield, one of Australia’s largest companies, has refused to raise standards in Australia’s retail cleaning sector.