Matt Gaetz Calls to End Disney $600 Million 'Tax Cheat' Loophole

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Matt Gaetz Calls to End Disney $600 Million 'Tax Cheat' Loophole
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Rep. Matt Gaetz (R-FL) charged in an op-ed Friday that the Florida legislature should end Disney’s $600 million tax cheat loophole.

Rep. Matt Gaetz charged in an op-ed Friday that the Florida legislature should end Disney’s $600 million tax cheat loophole.

If Mickey’s ears are purchased in Orlando, that revenue shouldn’t find itself taxable in Delaware through nifty accounting and outdated laws. Combined reporting is hardly a tool of liberals. Even Texas made the obvious change to protect the pocketbooks of its own citizens. “The Walt Disney Company, which grossed $72.9 billion last year, should be accurately reporting its income in the states and countries where its business is conducted,” Gaetz said.

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