Tuesday, September 27, 2011

Coca-Cola chief criticises US tax rules

Coca-Cola now sees the US becoming a less friendly business environment than China, its chief executive has revealed, citing political gridlock and an antiquated tax structure as reasons its home market has become less competitive...
“In the west, we’re forgetting what really worked 20 years ago. In China and other markets around the world, you see the kind of attention to detail about how business works and how business creates employment.”High quality global journalism requires investment...
Mr Kent said that US tax burdens and political polarisation were creating uncertainty for businesses and hurting investment.

--FT By Alan Rappeport in New York

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