Posted on 08/25/2014 11:47:34 AM PDT by jazusamo
Sen. Sherrod Brown (D-Ohio) is urging consumers to boycott Burger King over reports that the fast food chain is eyeing a tax-cutting move to Canada.
Brown, an outspoken corporate critic, said people hankering for a burger should head to Wendy’s or White Castle, two Ohio-based chains that aren’t looking to shrink their tax bill via a so-called “corporate inversion.”
“Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he said in a statement. “Burger King has always said ‘Have it Your Way’; well my way is to support two Ohio companies that haven’t abandoned their country or customers.”
Burger King is discussing a merger with the Canadian food chain Tim Hortons, which would allow the burger giant to move its headquarters up north to take advantage of Canada’s 15 percent corporate tax rate, well below the 35 percent rate in the United States.
The move, if it comes through, would be the latest in the growing inversion trend, which has U.S. companies acquiring or merging with foreign counterparts with an eye toward avoiding higher U.S. taxes.
The move has come under heavy political criticism, and President Obama has said he is looking at ways to curb the deals through executive action.
Brown, a member of the Senate Finance Committee who could take over the Banking Committee in the next Congress, said Monday that Congress should push for a minimum global corporate tax rate.
Setting a country-by-country minimum tax base would help keep American companies in the U.S. and entice further investment, and also discourage countries from trying to slash their rates as low as possible, he argued. He also called on U.S. policymakers to lower their rate, which now stands at the highest level in the world.
“This kind of common sense reform will close down tax havens that cost our country revenue and cost American jobs. Lowering the statutory corporate tax rate would put companies on a level playing field with foreign competitors and reduce the incentive for them to shift jobs and profits overseas. Creating a global minimum tax rate will increase investment in the United States, raise revenue, and prevent a global race-to-the-bottom,” he said.
Well I was boycotting them for their damn “Rainbow” Whopper but now that a demoncrap is pushing for a boycott, maybe I’ll relinquish and get me one of them there Original Chicken Sandwiches, best fast food chicken sandwich around.
Call that Rats office and tell them to stuff their boycott because of the move and hang up. :-)
For what it’s worth, White Caste (Columbus, Ohio) is privately owned. Not sure if that figures in the max. the family that owns WC is very conservative - financially and otherwise. At least the older generations were. My father was a tool and die make in the machine shop where they pre-fabbed the entire restaurants back in the 60s and 70s.
White Castle Porcelein Steel Builders made everything from the restaurant structure, fixtures, and most of the tools used to prepare the meals.
I know. It’s like a twilight zone episode.
I already banned them from their faggot burger promotion. Tax haven? Good for them, but the principle of supporting faggotry trumps all other considerations.
The US current tax law is nothing more than a legal shake down by the Federal government especially for those unconnected to the crooks in DC. Obozo is forever spewing social fairness but he has not once said anything about making our tax laws more fair for everybody. So Sen. Brown, work to change the US tax laws to make them fair to all, idiot.
What? Canada has a 15% corporate tax rate and they have national health care and other safety nets (as the left is constantly haranguing us about)?
We are definitely doing something wrong here ... where is that extra 20% going?
They have government healthcare and it makes Obamacare look good, so far anyways. Obamacare is just getting started though.
Moving to Canada for lower taxes.
Now I’ve seen it all.
Yeah, tax the bejeesus out of American companies and complain when they go elsewhere.
“Reduce their revenues, therefore reducing the government taxes collected, because they decided to minimize the government taxes collected!”
Idiot democrats.
And yes, I've seen a man eat his own head.
IS IT LEGAL????
Golly, guess it is... Gee, who made the laws, hmmmmm????
Screw you, Brown, and screw you TWICE, Obama.
It’s okay when GE escapes taxes, for whatever reason. Oh, they’re big Obama supporters, aren’t they?
Pardon me for being redundant, but -— SCREW YOU, OBAMA!
Who pays? The employer?
everybody, through high taxes.
And good luck finding a doctor, some towns have held lotteries for a slot for a primary care doctor.
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