How Converse challenges tax laws
It’s important to remember that large corporations will always exploit any loopholes available to them. This often means reducing their tax payments, which is a totally selfish move. Honestly, how much money do executives need before they’re happy?!
Converse, the shoe company, labels all of its sneakers as slippers to save on taxes. Slippers only cost the company 3% in taxes, whereas sneakers are close to 40%. To get away with this technically legal loophole, Converse adds a layer of felt to the bottom of the soles. So technically, they are slippers — but also jerk move by Converse. Though I will say their “slippers” are great quality-wise.