Westfield, Owner of MainPlace Santa Ana, Allegedly Undervalues Malls to Lower Its Taxes

westfield-mainplace-santa-ana.jpg
Westfield Malls, which owns hundreds of shopping malls in Australia, New Zealand, the U.K. and the U.S.--including MainPlace in Santa Ana--is shortchanging local communities out of more than $116 million annually, according to a union watchdog.

United Voice, one of Australia's largest unions, makes that claim in a new report that cites the U.S. operations of Westfield, one of Australia's largest companies.

"Westfield's Two Faces: Community Consequences of Tax Avoidance" claims the company reports to shareholders that its 45 U.S. properties are worth $17.4 billion but only pays taxes on $10.5 billion or 60 percent of the declared values.

If Westfield paid property taxes on the actual values, schools and communities across the U.S. could fund more than 1,500 teachers and $60 million in other essential services per year, according to the report.

Read the full report here: http://westfieldwatch.com.au/. United Voice released it as part of the National Day of Action to Reclaim the Promise of Public Education, sponsored by the American Federation of Teachers and more than 100 community groups and unions.

Perhaps it will catch the attention of the Santa Ana Unified School District, whose offices are not that far from MainPlace at 800 N. Main St, Santa Ana.

Email: mcoker@ocweekly.com. Twitter: @MatthewTCoker. Follow OC Weekly on Twitter @ocweekly or on Facebook!



Sponsor Content

My Voice Nation Help
13 comments
909Jeff
909Jeff

according to a union watchdog.  Which of course is a totally impartial party right?  ALSO.. Is it Westfields fault or perhaps the county assesor? Why would you pay a cent more than what the County says you owe?  Example... The County says my property is worth about 100k less than what current fair market value is... Is it my responsibility to correct the county assesor? I think not...

Jeff Rey
Jeff Rey

its collusion if you look into all of the large owners. simon does the same.

Vicente Govea
Vicente Govea

Come on help out Santa Ana we hella represent the main place

LtGriggssaaa
LtGriggssaaa

Agreeeed!!!!!! Prop 13 should only apply to the individuals are corporations that the OC Weekly likes! God bless Gustavo!

FishWithoutBicycle
FishWithoutBicycle

A major corporation not paying its share of taxes? Par for the course.

Joe Smith
Joe Smith

Shady business practices, most likely the work of a certain tribe infamous for low morals & ripping others off.

18usc241
18usc241 topcommenter

And while they are at it, this company can retrain their mall security personnel so that they don't act like grammar school educated just following orders wannabe Nazi imbeciles playing "Screw the Hispanic Man" everytime that I'm in their Main Place mall. Considering the stupidity of their security force it's a small miracle that there hasn't been a terrorist attack there.

Bill Martin
Bill Martin

fucken bastards find out how much they undervalued malls in the us and get the fucken money back and this does effect us all so this is importmant

Now Trending

Anaheim Concert Tickets

From the Vault

 

General

Loading...