Disney asks Anaheim to be released from tax agreements

Posted Friday, August 24, 2018 9:29 AM | Contributed by Jeff

In a surprise move, Walt Disney Co. asked the city of Anaheim, California -- home of its Disneyland theme park -- to let it out of two tax agreements that would have given the company hundreds of millions of dollars in subsidies.

Read more from Bloomberg.

Friday, August 24, 2018 6:58 PM

So apparently the company will somehow save hundreds of millions by being removed from these subsidies. So I wonder, what exactly were the conditions of the subsidies, and by being release what does Disney no longer have to abide by to save them those hundreds of millions?

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Friday, August 24, 2018 7:26 PM

Did you read the article?

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Friday, August 24, 2018 7:56 PM

I did now, didn't expect the article to actually explain how they would be saving money. But I still hold my thoughts from above, what else besides minimum wages does Disney save on? The $18 wage is not been voted on yet, assuming it passes which Disney expects it will, the wage increase increases $1/yr until it caps at $18 on 1/1/2022. do those few dollars an hour offset the entire tax subsidies or is there more to it?

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