US: US needs tax reform - Coca-Cola Co CEO
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".
In the second part of just-drinks' review of 2011, Michelle Russell looks at how the soft drinks category has fared in the last 12 months....
The Coca-Cola Co has defended itself against accusations by political activists in Swaziland that the company is financially supporting the country's leader, King Mswati III....
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