Mickey Mouse at Disneyland in Anaheim, Calif., in 2013. When Disney 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, but the company reclassified some foreign income as exempt from U.S. taxes, transforming an expected cost into a windfall.
Mickey Mouse at Disneyland in Anaheim, Calif., in 2013. When Disney 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, but the company reclassified some foreign income as exempt from U.S. taxes, transforming an expected cost into a windfall. PATRICK . FALLON BLOOMBERG
Mickey Mouse at Disneyland in Anaheim, Calif., in 2013. When Disney 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, but the company reclassified some foreign income as exempt from U.S. taxes, transforming an expected cost into a windfall. PATRICK . FALLON BLOOMBERG

Foreign tax surprises like Disney’s have SEC seeking sunlight

March 05, 2015 5:41 PM

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