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//
How the Internet Became Commercial
What’s Behind the Commercial movement of the Internet? Believe it or not the Internet was not originally created to share your life on social media sites like Facebook and Instagram or to watch movies, play games or follow your favorite pastime. When it was first invented, the military and research universities were the primary…
Critical Decisions When Launching a Startup
There are countless aspects to launching a startup company. To do it successfully a founder has to make many critical decisions and be right on most of them. Many entrepreneurs have a great idea or product with great plans to make it successful. However, they don’t make the right business decisions, which leads to their…
How to Keep the Wealthy From Fleeing Connecticut
When it comes to saving on taxes the wealthy have to continually consider all their options because lawmakers never seem to stop pushing for more legislation aimed at making the wealthy pay more taxes. Lately, it seems that there are more and more reports of the nation’s wealthiest individuals living in high-tax locations deciding…
Finding Value Investments in Private Equity
Finding Value Investments in Private Equity Private investors and venture capitalists are always looking for the next great company, idea or product to put their money into, in order to reap great financial rewards down the road. However, how do private investors know where to find the true value investments that exist? Experienced Investor Jonathan…