Corporate Tax & Burger King
Many countries impose corporate tax, also called corporation tax or company tax, on the income or capital of some types of legal entities. Burger King, often abbreviated as BK, is a global chain of hamburger fast food restaurants headquartered in unincorporated Miami-Dade County, Florida, United States./5
Burger King considers move to Canada for favourable tax rate
Burger King may buy Tim Horton's to cut its taxes — here's why via
Burger King hatching plan to avoid taxes by becoming Canadian:
Burger King plans to buy Tim Horton's and declare himself a citizen of Canada Canada is a tax haven?
Burger King in Merger Talks with Canada’s Tim Hortons to Avoid High US Corporate Tax
(W) They call it "Tax Inversion" - we call it yet another example of corporate greed! . Go to: Burger King page...
Burger King stands to pay a 15 per cent corporate tax rate, rather than the 35 they would owe the U.S. …
DJ Treasury Mum on Burger King's Possible Inversion -- Market Talk 12:50 EDT - All eyes are on the Treasury Department as they wade through the tax code looking for ways to deter so-called corporate tax "inversions." News Sunday evening that Burger King (BKW) is considering a deal that would move its corporate headquarters to Canada in the latest inversion has not elicited a public response from the agency--and it will likely remain that way. An agency spokeswoman on Monday says they would not comment on the possible deal, which is still in the "talks" stage and has not been finalized. Agency officials are expected to present a range of possible administrative actions that are meant to deter inversions to Secretary Jacob Lew in the coming weeks. (damian.paletta (END) Dow Jones Newswires August 25, 2014 12:50 ET (16:50 GMT) Copyright (c) 2014 Dow Jones & Company, Inc.- - 12 50 PM EDT 08-25-14
CEO's of publicly held companies are required by law to reduce the corporate taxes paid to increase profits to shareholders. Why would it surprise the Obama administration that Burger King or any other large corporation would move headquarters from a country that has the highest corporate tax rate in the world?
Burger King is in merger talks with Canadian coffee chain Tim Hortons, a deal that would allow the burger seller to relocate out of the U.S. and possibly cut its tax bill. The new company would be headquartered in Canada, the two firms said in a joint statement. Both Tim Hortons (THI) and Burger King (BKW) would continue to operate as standalone brands. By moving north of the border, Burger King would be completing what is called an "inversion" -- a strategy that allows U.S. firms to lower their tax bills by merging with a foreign company, and then relocating to the new country. Corporate tax rates are lower in Canada than the U.S., which has the highest tax rate among developed economies. In the case of Miami-based Burger King and Tim Hortons, the combined company would be the world's third largest fast food chain, generating $22 billion in sales at more than 18,000 restaurants in 100 countries. Related: 7 things you absolutely must know about corporate taxes In the past decade, at least 47 U.S. companie ...
Ok. So, Burger King has decided to buy Tim Hortons in Canada and move the corporation to their country. The reason BK moving corporate offices out of America is CORPORATE TAXES. I know you all think BK is a tax dodger. Well! Who in their right mind would want to pay 35% taxes here in America, when a business can pay 15% taxes in Canada. Smart move? I think so. Wake up America! Corporations are moving out cause the cost of business is to high here. They gonna find a home where they are not going to pay high taxes. Business are needed to help people out that want jobs. And corporate offices moving out of America are taking higher paying jobs with them. Who cares you all say. I do. The more business we have here in America, the more jobs we have, the more money there is to go around for EVERYBODY. Basic economics. Just saying!
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