Muhtar Kent said that said in addition to simplifying the tax code, businesses need less bureaucracy

Muhtar Kent said that said in addition to simplifying the tax code, businesses need less bureaucracy

The chairman and CEO of The Coca-Cola Co has said that the US needs comprehensive tax reform so that corporations of all sizes have a level playing field.

Speaking to CNBC yesterday (7 July), during an Allen & Co media conference in Idaho, Muhtar Kent said that said in addition to simplifying the tax code, businesses need less bureaucracy to operate and be more competitive.

"We have to make life less cumbersome and business less cumbersome so it can be more competitive," he said, adding that to achieve this, there must be a "closer networking and collaboration between government, business and civil society than we have today".