Senator calls for Burger King boycott over tax inversion move to Canada

“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/

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