Walmart passing tax benefits onto US employees

Tax Reform FOXBusiness

Walmart boosts pay for one million U.S. workers

Fox Business Outlook: World's largest retailer credits tax reform for reason they're raising their minimum wage to $11 an hour.

Walmart (WMT), is the latest company to return some of its expected tax benefit to workers. The retailer is raising its minimum wage by $1 to $11 an hour. Walmart will also pay one time bonuses of up to $1,000 to some hourly workers. The company says the wage hike -- which takes effect next month -- will add $300 million to expenses and a one-time charge of $400 million for the bonus payments.

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