Walmart announced today that its chief executive in China was resigning for personal reasons. Ed Chan's resignation, however, comes about a week after China arrested Walmart employees and forced the retail giant to close 13 stores over allegations it was selling regular pork but labeling it as organic.
"I believe the US owes itself to create a 21st century tax policy for individuals as well as businesses," Kent told the paper. He also went on to criticize the complexity of the tax code, as well as the fact that American companies have to pay taxes on income earned abroad. The FT adds:
The dissident artist Ai Weiwei has struggled with the Chinese government for years. Earlier this year, the conflict came to a head, when Ai was detained by the government for about 80 days. He was let go under the condition that he would not talk to the press.