Patagonia Gives $10m Tax Windfall to Eco Groups
Business Wars Daily
Wondery
4.6 • 716 Ratings
🗓️ 11 December 2018
⏱️ 5 minutes
🧾️ Download transcript
Summary
Today is Tuesday, December 11, and we’re looking at Patagonia vs. The North Face.
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Transcript
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| 1:05.6 | Thank you. McMillan Online Community. From Wondry, I'm David Brown, and this is Business Wars Daily on this Tuesday, |
| 1:09.7 | December 11th. |
| 1:11.1 | Patagonia knows how it's spending the $10 million it's suddenly found in its pocket this year. |
| 1:16.6 | The outdoor clothing company is giving away the money to environmental advocacy groups. |
| 1:22.8 | The move is a poke in the eye of the Trump administration. |
| 1:25.9 | The windfall comes from the tax bill passed earlier |
| 1:28.7 | this year, which lowered the corporate tax rate. That move left many companies flush with cash, |
| 1:34.6 | but it was also a boon to the oil and gas companies, and now Patagonia wants no part of it. |
| 1:41.6 | Company founder Yvonne Schenard called the tax cut irresponsible saying the government |
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