Burger King to become Canadian company

Why blame Burger King? Maybe the US should develop a more friendly business climate.

I might even lunch at the King tomorrow, and follow it with a donut. So if you don't hear from me, this was fun! Originally Posted by CuteOldGuy

Well I was going to reply, but COG already covered it.

Getting mad at corporations who take advantage of legal loopholes is the same as giving someone a badge for humility and then taking it away when they wear it. The loophole exists. Don't blame BK for taking advantage of it. If you are so upset, close the loophole.

Better yet, why tax corporations at all? That is like siphoning your own gas tank to get a gallon of gas. Corporations don't pay taxes - their customers do. So why not just get rid of it and make America the best country for foreign investors to invest their capitol in?

You can really thank Clinton for all the companies in America leaving, thanks to NAFT. But we can thank Obama too, cause he's not any better actually alot worse. Originally Posted by Worldtravler

I would love to sing the familiar refrain about how NAFTA is Clinton's fault, but I haven't forgotten that the majority of Dems in both the House and Senate voted against it. The only reason it passed was because Republicans in both Houses voted almost unanimously in favor of it. So NAFTA is a baby that both parties helped create.

If the majority of Democrats voted against NAFTA, how did both parties create it?

Because the President supported it?

I wonder why that no longer happens?

Just read that Burger King is in talks to merge with some Canadian doughnut chain and resulting company will be based in Canada. All to avoid paying U.S. taxes.

Guess I won't be eating at Burger King any more.


Oh, wait. I don't eat there now. Originally Posted by FoulRon

Canada can have that fucking shit hole. It wouldn't bother me if every Burger King moved to Canada and America rid itself completely of that choke and puke joint.


Jim

You probably like Taco Bell...

You probably like Taco Bell... Originally Posted by Yssup Rider

Not a good place to eat either. If you're eating at these fast food joints stop now while you have a chance.


Jim

Economics 101. People avoid paying taxes. If you want less of something to happen, just tax it. There are those that maintain trickle down doesn't work. They have a Kenesian view of things. Go ahead! We are 18 trillion dollars in debt and you are discussing the benefits of a company that wants to give you a better burger at a cheaper price. It is amusing at best and destructive at worst. Poor people are doing less well than they did before the regulations to help them were implemented. Maybe, we can get the entire country on food stamps while Canada flourishes.

Well I was going to reply, but COG already covered it.

Getting mad at corporations who take advantage of legal loopholes is the same as giving someone a badge for humility and then taking it away when they wear it. The loophole exists. Don't blame BK for taking advantage of it. If you are so upset, close the loophole.

Better yet, why tax corporations at all? That is like siphoning your own gas tank to get a gallon of gas. Corporations don't pay taxes - their customers do. So why not just get rid of it and make America the best country for foreign investors to invest their capitol in?



I would love to sing the familiar refrain about how NAFTA is Clinton's fault, but I haven't forgotten that the majority of Dems in both the House and Senate voted against it. The only reason it passed was because Republicans in both Houses voted almost unanimously in favor of it. So NAFTA is a baby that both parties helped create. Originally Posted by SinsOfTheFlesh

Please talk to Deb. She needs some help.

As for NAFTA. It is not the same NAFTA that Reagan wanted to pass. Clinton pulled out the equalization of pay and the higher environmental standards that were in the bill. Seems that Reagan wanted Mexico to pay along the same lines as the US and to clean up their rivers.

Why blame Burger King? Maybe the US should develop a more friendly business climate.

I might even lunch at the King tomorrow, and follow it with a donut. So if you don't hear from me, this was fun! Originally Posted by CuteOldGuy

We sound pretty darn business friendly. Our effective tax rate is around 13 - 22% depending on accounting. Should we make it simpler? Yes. Should we get rid of all deductions in both personal and individual taxes? Again I say yes but just imagine taking away the interest deduction on homes to understand the difficulty one faces.




http://economix.blogs.nytimes.com/20...ype=blogs&_r=0

Earlier this year, the Government Accountability Office, a federal agency, examined corporate tax returns to determine the taxes corporations actually pay. It found that in 2010, profitable corporations based in the United States had an effective federal tax rate of 13 percent on their worldwide income, 17 percent including state and local taxes.....


....The independent economist Martin A. Sullivan concluded that the truth is somewhere in between, with the effective corporate tax rate in the mid to upper 20 percent range. In the Nov. 25 issue of Tax Notes magazine, the G.A.O. economists who conducted the original study acknowledged that averaging their results over several years and including foreign taxes, as Mr. Lyon did, would raise the effective tax rate to 22.9 percent. The remaining difference between their study and the Lyon study results from the inclusion of companies with losses.