Walmart.com Reaps Up to $65 Million in California Local Tax Deal

Walmart.com will soon start splitting an estimated $155 million in California sales tax revenue over the next 25 years with the city of San Bruno, home to the retail giant’s e-commerce headquarters.

The deal, a bonanza for both the city and Walmart.com, adds the retail giant to more than a dozen companies— including Apple Inc., Best Buy Inc., Nike Inc., and Home Depot USA Inc.—that have divvied up tens of millions of dollars in sales tax revenue a year with California municipalities. The agreements are a source of tension between cities angling for tax revenue, and are subject to stricter ...