Disney pays a bonus to its employees in the United States

The group of media and entertainment Disney announces the payment of a bonus to its employees in the United States (Photo BERTRAND GUAY. AFP)

The group of media and entertainment, Disney has announced Tuesday the payment of a bonus to its employees in the United States, as have several other companies since the passage of the tax reform, which lowers taxes for businesses.

“More than 125,000 employees will receive a bonus of $ 1,000,” said the Walt Disney Company (NYSE:DIS) in a press release, without explicitly mentioning the tax reform passed by Congress before Christmas.

The sum will be paid in two installments to the staff based in the United States, in march and September, says the parent company of Mickey mouse and Uncle Scrooge.

Disney, which just announced the repurchase of a portion of the Fox group for more than $ 50 billion, also intends to spend this year and $ 50 million for the creation of a program of education and training to its more than 88.000 employees paid by the hour. The latter will thus be able to finance their studies or training.

The education program will then be supplemented to the tune of 25 million per year.

Many large us companies (Apple (NASDAQ:AAPL), Walmart (NYSE:WMT), American Airlines, AT&T, Wells Fargo (NYSE:WFC), JPMorgan (NYSE:JPM), Verizon (NYSE:VZ), etc.) have been announced for the voting of the tax reform of the bonus or salary increases for their employees or for investments and job creation in the United States.

According to Gary Cohn, chief economic adviser of the White House, nearly 200 companies have announced bonus and bonuses after the adoption of the tax cuts.

“I think that there is a correlation of 100% between what we have seen with nearly 200 companies and what we have done from a point of view regulatory and vis-à-vis income tax”, he said on Tuesday at the White House.

“Businesses have more confidence in the economy, in their results, and they estimate that the higher tax low allows them to share more of their future profits with their employees,” he continued.

Mr. Cohn has worked to thwart criticism stating that the administration Trump inherited a healthy economy launched by the Obama administration: if the companies had been able to do this largesse before the arrival to power of Donald Trump, “they would have done in the last year, the year before or even the one before”.

But for the critics of the reform, these initiatives of companies up here a paltry sum compared to the gains expected from the massive reduction in the tax rate.

Disney has achieved an annual turnover of 55.1 billion and a profit of 9 billion on its non-calendar fiscal year ended at the end of September 2017.

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