
“The push for a boycott comes as Burger King plans to renounce its corporate citizenship in the United States and reincorporate in Canada. Known as a ‘tax inversion,’ the move will allow Burger King to evade the 35% corporate tax rate in the US – the highest in the world, though most large corporations end up paying a significantly lower rate. In Canada, the corporate tax rate is 15%. Sen. Sherrod Brown said a global minimum tax needs to be implemented to prevent companies from avoiding taxes. Burger King is not currently being run by an American firm. ‘The private equity fund that currently runs Burger King, 3G Capital, is Brazilian,” wrote Mark Gongloff.”
http://rt.com/usa/182984-boycott-burger-king-tax-dodge/
Related posts:
France will no longer cut off Internet for illegal downloading
Federal AIDS website insecurely transmitted user locations for years
Cops Claim Teen Consented to Sex -- While Handcuffed In Custody
How more than $100 billion in secret cash was smuggled into China
U.S. Border Crossings Have Become Authoritarian Testing Grounds
Monetary Mavens Talk, Talk, Talk
France wants to 'temporarily suspend' trade talks with US over NSA spying
Saudi Arabia employs UK/US firms to push multi-billion dollar Yemen aid plan
36 Signs The Media Is Lying To You About Fukushima
Mob Steals $100,000 Worth Of Jewelry From Woman On Chicago's Mag Mile
Square Fined $507K In Florida For Operating Without A Money Transmitter License
Perjury as a State Privilege
Great Moments In Drug War Propaganda
NYPD ‘looking into’ drones to survey crowds
Responding to Scandals and Corruption, the IRS Rewards Itself with Giant Bonuses