Skip to content
Subscriber Only
Business
Pursuits

Foreign Tax Surprise Like Disney’s Have SEC Seeking Sunlight

Updated on

U.S. officials are concerned that the trillions of dollars companies park overseas are doing more than just helping them skirt taxes. They’re worried the practice leaves investors in the dark.

When Walt Disney Co. investors were trying to anticipate the company’s performance in late 2012, the company told them to expect taxes to take a bigger bite out of earnings than the previous year.