Disney and the Not-So-Wonderful World of Taxes
Disneyland is often referred to as the happiest place on earth, but according to the Disney Company’s CEO, Robert Iger, the U.S. tax system and policies are putting a real damper on all the fun. According to a recent report from CNNMoney, Mr. Iger told the news outlet that the country’s corporate tax rates are “anti-competitive” and the tax system is “ridiculously complex.”
Mr. Iger is not against corporations paying their fair share of taxes, but he says the tax rate should be lowered. He also said by lowering the tax base it would allow the government to close several loopholes that permit many of the biggest and wealthiest companies in the United States to essentially pay no taxes at all.
Mr. Iger’s comments cone after presidential candidate Bernie Sanders criticized Disney for not paying its employees a fair wage and for moving many of its jobs overseas. However, Mr. Iger strongly disagrees with Mr. Sanders and claims that his company is helping the U.S and the world in many positive ways.
Corporate taxes continue to be a hot-button issue on the campaign trail during this election and although Mr. Sanders has apparently lost his bid to be the democratic nominee, he continues to push for higher taxes on the wealthy and for big business. However, Mr. Iger feels that Mr. Sanders lacks the business experience to make such claims and says the real focus should be on overhauling corporate tax policies.
http://money.cnn.com/2016/06/09/news/disney-ceo-bob-iger-taxes//
Navigating Real Estate Taxes for the First-Time Homeowner
Navigating Real Estate Taxes for the First-Time Homeowner When you are buying your first home, your initial question will most likely be, “What is my monthly payment?” If you’re used to renting in the Bay Area or in another expensive city like Denver where rent prices are constantly on the rise, then you know it’s…
Work for Yourself? Don’t Forget This Important Tax Deadline
Work for Yourself? Don’t Forget This Important Tax Deadline Working for yourself can be a nice setup. You run the show and you don’t have to answer to anyone. But being your own boss also means you have to take care of all your taxes, unless you hire a professional to take care of that…
You Can Give Big and Still Save Big on Taxes
You Can Give Big and Still Save Big on Taxes Many people enjoy passing on their assets to their loved ones or donating money to charitable causes. This is a noble way to share the wealth. And it’s a win-win situation for everyone involved. Many of the nation’s wealthiest individuals are among the most charitable…
Two Approaches to Dealing With Stock Market Volatility
Two Approaches to Dealing With Stock Market Volatility The stock market and uncertainty go hand in hand. If the market was always stable and easy to predict, there wouldn’t be any risk at all and everyone would be rich. The market is always fluctuating, but some times are much more volatile than others. For example, this…