Wal-Mart’s Duke Says Tax Code’s Complexity Hurts U.S. Companies
Stock Chart for Wal-Mart Stores Inc (WMT)
The U.S. tax code needs a comprehensive rewrite, Mike Duke, the president and chief executive officer of Wal-Mart Stores Inc. (WMT), is telling the Senate Finance Committee today, according to his prepared testimony.
“The question for today’s discussion is not whether Wal- Mart can get by as a company under the current tax structure,” he will say this morning, according to the prepared remarks. “The question is whether this structure is the best approach for our country. We believe it is not.”
To contact the reporter on this story: Richard Rubin in Washington at firstname.lastname@example.org
To contact the editor responsible for this story: Mark Silva at email@example.com
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.