Taxes

11:24am

Tue September 27, 2011
The Two-Way

Coca-Cola Chief: U.S. Becoming Less Business Friendly Than China

Muhtar Kent, Chairman and CEO of The Coca-Cola Company, speaks during the seventh annual meeting of the Clinton Global Initiative (CGI) in New York City.
Daniel Berehulak Getty Images

Muhtar Kent, Coca-Cola's chief executive, is making some waves after what he told The Financial Times in an interview the paper ran this morning.

"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:

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