Kanye West's Yeezys HQ in Wyoming could save him $15M in taxes but hurt 'sweatshop workers' in Asia

Mail Online | 1/17/2020 | Chris White For Dailymail.com
erinmmarionerinmmarion (Posted by) Level 3
Click For Photo: https://i.dailymail.co.uk/1s/2020/01/15/19/23445068-0-image-a-25_1579115309284.jpg

Kanye West's plans to move his Adidas Yeezy headquarters to Wyoming could save him millions in taxes but also could spell disaster for Adidas workers in Asia who risk being left jobless by the move, a charity group exclusively told DailyMail.com.

The rapper fell in love with the mountainous state after recording his album Ye there and snatched up a $14 million ranch near Cody, Wyoming in September.

Town - Population - Home - West - Adidas

Now the town, which has a population of around 10,000, is set to become home to West's new Adidas Yeezy headquarters instead of California, after the move was announced in November.

The month before, Kim Kardashian's husband echoed President Trump's vow to bring jobs from abroad back to the US, saying in a Beats 1 interview: 'For me, as a founder, it's really important to bring these jobs back to America.'

West - Headquarters - Wyoming - Workers - Asia

And while West could save up to $15 million by moving his headquarters to tax-haven Wyoming, it could leave sweatshop workers in Asia in even more dire circumstances, according to charity group Clean Clothes Campaign.

DailyMail.com contacted West's team for comment.

October - West - Tax - Arrangement - Standard

In October, West claimed he made $115 million in 2018. Although his current tax arrangement isn't known, if he paid the standard California state tax rate for high earners earning over $1 million of 13.3 percent, then he would have handed over $15,295,000 in state tax alone.

Wyoming is one of seven US states where there is no state income tax and, if he spends more than 183 days a year in Wyoming, then he wouldn't be liable to pay any state tax.

Clean - Clothes - Campaign - NGO - Alliance

Meanwhile, Clean Clothes Campaign, the leading global NGO alliance fighting sweatshop conditions, advised West that if Adidas Yeezy makes any changes to its production line, then it needs to act responsibly or risk harming workers.

Back in October, West claimed he...
(Excerpt) Read more at: Mail Online
Wake Up To Breaking News!
"It is useless to attempt to reason a man out of a thing he was never reasoned into"--Jonathan Swift
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!