Disney CEO Bob Iger sat down for a Thursday interview with CNN in which he heavily criticized the United States’ “ridiculously complex” corporate tax code.
Disney CEO Bob Iger (Getty Images)
Iger called the current tax code “anti-competitive,” adding that “doesn’t mean that a company shouldn’t pay taxes, but [he thinks] the structure is off.”
“The tax base should be lowered, and the loopholes should be closed,” he explained, without — as CNN noted — listing any potential reforms.
Disney has recently been criticized by Democratic presidential candidate Bernie Sanders for paying its workers less than “a living wage.” Back in May, Sanders told a group of supporters in Anaheim, Calif. — home of the Disneyland park — that the company “pays its workers so low that many are forced to live in motels, because they can’t afford a decent place to live. (RELATED: Disney CEO Disputes Sanders’ Low Wage Accusations)
Disneyland honors Peyton Manning after winning the Super Bowl (Getty Images)
In 2015, it was revealed that, in order to keep operating costs down, Disney had layed off scores of IT workers before forcing them to train their own foreign replacements. (RELATED: Laid Off Disney Workes Tell Congress — ‘Disney Is Not An Anomoly’)