CEOs Ring in New Year With Early Pay-Day Windfall to Beat Expiration of Bush Tax Cuts

…and the Rich get Richer:

Some companies, like Walmart, are moving up the payment of the quarterly dividends by a week, while other companies, like The Washington Post Company, are paying out the entire yearly dividend for 2013 in 2012 in their mad haste to avoid taxation. Some companies are even borrowing money to pay out dividends on earnings that have not even been earned yet. At least the banks are loaning to someone, even if it means the loan is used to dodge taxes.What all these companies have in common is that the early dividend payments benefit a small number of insiders – from the Walton family at Walmart to Donald Graham and Warren Buffet at The Washington Post, to name a few.

via CEOs Ring in New Year With Early Pay-Day Windfall to Beat Expiration of Bush Tax Cuts.

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