
“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:
Hollande’s approval rating slumps again [Oct. 2015]
Microsoft allows Bitcoin trading app on Windows Phone 8
Tiny California Towns Have Big Asset Forfeiture Histories
Jaron Lukasiewicz Talks About Coinsetter
Now, in Second Place Is …
British UKIP Convulsion Significant Threat to Tories
Canadian Law Bans Concealing Face At Protests
China Bans People With "Bad Social Credit" From Planes, Trains
Jeffrey Tucker, Porcfest: Crowd Sourcing Liberty
Bitcoin Block Time Halved To Five Minutes Amid Exponential Network Growth
The Right to Resist -- and the Duty to Interpose
Persian Handmade Shoes: Why Bitcoin
The Dark Side of the iPhone 5S Lines
Private Plane Pilots Face Warrantless Drug Searches
Jeffrey Tucker: Who Will Lose in the War on Contractors?