Burger King goes Galt.
with the tax laws as they are, the “foreign” BK can lend money to the US BK and make their tax bill ZERO. Interest is tax deductible.
Obama is stuck on stupid.
John Galt wins again.
A former employer of ours did something along those lines back in the 1990s. We paid a “management fee” to our US parent that was equal to our earnings, so on paper we barely broke even.