There’s a situation developing with Burger King that might be worth watching.  Many here probably aren’t aware that Burger King is in talks to buy up Tim Hortons of Canada, not only to create one of the world’s largest food companies, but also to reincorporate in Canada where their corporate taxes would be drastically reduced.  This is an economically sound business practice which would raise shareholder value, lower operating costs and increase competiveness.  In this case it is clearly evidenced by the large financial backing received from Warren Buffet’s Berkshire Hathaway.  The practice of moving offshore to lower a corporate tax base is referred to as a corporate inversion and only becomes viable when the majority of sales are abroad.  Because of the BK case the practice is being criticized by the current administration as well as threatened with executive action solely to stop the loss of federal revenue.

 

You’re probably wondering why this will be worth watching.  First I’d say it’s a good portal to view the current business environment and economic vitality of the nation through.  Then I’d say it should serve as example of why big corporations should get tax breaks and credits, for it is better to derive less revenue from many healthy corporations, than it is to derive a lot from a diminishing few.  Next, it will likely serve as another lesson on why it is better to foster a healthy environment for business and industry, rather than tax and regulate them to the point of driving them abroad.   Also we should all be interested in what kind of constitutional executive action could be taken to discourage corporate inversion.  Last and certainly not least, it’s a good demonstration of the massive riff between conservative and liberal economics.  I hope the right people take notice.

Stock holders of BK (not me unfortunately) received a 20% stock increase yesterday on the news.

Don't want taxes and regulation to be punitive to the point that business just ups and leaves.  Yeah. Everybody agrees with that.

Butt.  There's always a but.

At what levels are the international bars on taxes and regulations to be set? 

Do we set environmental regulations at China/3rd World levels in hopes to bring more manufacturing back here?

Do we cut tax rates below that of Ireland?  What then stops Ireland from going even lower to undercut our bid? 

There is a balance to be had but I don't hear any talk of such from the anti-taxers. It seems they're happy with multinational corporations merging and growing to a point that they become their own governments via their influence on politics in the countries in which they wish to operate, that is unless the corporation is Monsanto. 

What is to prevent many from becoming less via mergers and then using their new found leverage to coerce countries to host them for free? 

-------------------------
...

More good reasons to support locally owned businesses.

Businesses are doing this for the same reason people are leaving California, NY and all the other anti-business states. We are over taxing and over regulating and this is what happens. Put another way, this is what happens when dem policies are implemented.  

In answer to Scombrid, we should cut corporate taxes to zero.

-------------------------
I :heart; Q

I'm no fan of BK, but this will prove to be a turning point.  In response to Scombrid -

US Corporate tax rates should be at competitive levels internationally, rather than teh current punitive levels.  I see worrisome greed in the federal government these days, while at the same time the current admin tries to have us believe all greed is at the corporate level. Hypocritical is it not?

Environmental regulations should be tempered with prosperity in mind.  There can be nothing without first securing prosperity.  The EPA is currently out of control and mindful of only thier own prosperity.

Nothing stops Ireland from undercutting the US.  That is what fair trade is all about.  Where as the fed is seemingly handicapping this nation economically.

There was no mention of anti tax, just fair and competitive taxation, I fully support tax credits for earnings abroad, because without such there would be over burnening double corporate taxation and unfair subsidized foreign competition.

Fair business competition is the best defense against greed.  When one becomes too big and too greedy, competition will naturally arise.  You sir seem to assume profitable businesses are evil.  While this is not universally untrue, it is also not true that being profitable is evil.

Can you specify what should be cut to eliminate this greed?

Yeah? no shit? Really?

Nobody ever gave that any thought before.

http://www.nber.org/reporter/spring00/goulder.html

Economic considerations played no roll in using cap and trade to reduce sulfur dioxide emmissions (as opposed to hard limits).

http://www.epa.gov/capandtrade/documents/ctresults.pdf

 

Specific policies? 

And us from undercutting them and them us and so on until we are at a rate of zero as desired by Tpapablo.  Then the question is again, who pays for the wars and everything else. 

Starts to feel like 17 and 18th century Europe if the king and his lords make the merchants and tradesmen pay for all their wars.  Pretty much the way it will work if BK Corporation pays no tax but the franchise owner selling the BK products has to pay taxss and his employees have to pay taxes. 

Not sure where you get that.

-------------------------
...

What is our Federal tax rate when all loopholes, write-offs and breaks are factored in?

They are free from US taxes, yet they continue to use the infrastructure provided to them by our tax dollars?

-------------------------
I was right.

Who are you talking about? Burger King is owned by a Brazilian holdings company.

-------------------------
"The government who robs Peter to pay Paul can always depend on the support of Paul," - George Bernard Shaw

“Don’t underestimate Joe’s ability to f—k things up.” - Barack Obama

“End of quote. Repeat the line.” - wise words from Joe Biden

The loopholes, exemptions, credits, etc... need to be dumped for corporate tax, income tax, and on. Then the sticker price can be reduced. The tax code needs to be simplified. The trouble is that extracting the loopholes and credits without big shocks to the economy and a lot of angry constituents is pretty much impossible. Imagine the screaming if you go after something like the home mortgage interest deduction. That little institution has distorted the real estate market pretty badly and pulling it would shock the crap out of real estate. I wouldn't lose anything on taxes because we're not paying much interest on our loan. But the shock to the market would hurt the value of our house since most buyers purchase a house with mortgage interest deduction factored into their budget. 

-------------------------
...

You progs created all of this with your idiotic anti-business policies. All the time, you crowed that higher taxes and more regulation didn't affect business in the least. Well, you have been proven wrong once again. If you want to fix the situation, undo all the harm you have done. Very simple, really. Being the mental midgets that you are, I am sure you will advocate some dumbass solution that will only make things worse. That is what the PiC is doing.

-------------------------
I :heart; Q

The Burger King has issued a proclamation in consonance with Rupert Murdoch and the departed spirit of Andrew Breitbart and it reads thusly:

"Here ye Here ye...

In order to make up for the health conscious and patriotic nature of US liberals who object to our despicable food and our happy Canadian reaffiliation (we will now be flying the Canadian flag at our establishments),

All loyal Tea Bag subjects shall double their weekly consumption at the Burger Kingdom.  This is to include larger sodas (please select diet as we need you to live longer) and the Extra Long BBQ Cheeseburger.  The menu will soon be adjusted to include bacon (which is not just for breakfast anymore) and our heart stopping favorite: Poutine!

Please use available ACA options for your resulting maladies and Government disability and SNAP programs to ensure you have money to continue supporting us.  Links to these US social programs (Canada's are better) and the lyrics to O' Canada our new national anthem will be provided on the Burger King's royal website."  

  

Greenie is on fire today! Fricken hilarious!

Come on tpap, what is the actual business tax rate in the US? 15%...17%?

-------------------------
I was right.

For Burger King in the U.S....35% idiot!

In Canada it's 15% for Burger King!

Only a MORON (like you) would stay here!

http://www.foxnews.com/politic...ery/?intcmp=latestnews

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

Hey fuck knut, watch this, Its going to be jdbman all across the board, You won't see your alias. that should really piss you off.........

error code 552 or something

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

From whom should revenue be obtained?

You want to do away with income tax too and just go to a direct tax on trade? 

Or should we eliminate all tax except income tax and let the moocher wage earners pay for government since only the owners of capital are truly productive? 

-------------------------
...

No shortage of federal taxes. We'd make up the difference by cutting federal expenditures.

Yes, I would like to do away with the income tax.

There are thousands of different federal taxes, so I can't possibly go through each one to determine each's merit. But the simpler the better.

-------------------------
I :heart; Q

Which ones?

That's fine.  VAT across the board?

-------------------------
...

Nope...good luck with that...liar!

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

bump....



592

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

... Wars don't pay for themselves.

$7.8 million a day to keep a carrier group steaming in the Gulf. We currently have 2 carrier groups in the Gulf and 1 in the Med.

Nuances such as effective tax rates are lost on a large portion of the bubble people.

Another prog without knowledge; 3 G capital is a Delaware Corporation, with ties to Heinz with ties to John "Skull dugger " Kerry who makes his living marrying rich widows. Also has home office in Rio DeJaniero. Hmmm I remember billions going to Brazil early in the Clown career in WH. Not just a coincidence is it? All the hoopla from progs about corporation not being "American" if they move to Canada. Well after Pillsbury; they were owned by an English company then the Brazilians so you guys are years late on the faux pax.

Oh no not a company with ties to ties!! 

I just weighed in on the Tea Partiers supporting corporate flight by exclaiming what their puppet masters told them, that U.S. Coporations are on the hook for 35%.

Hey Tea Partiers get Boehner to allow American citizens to re-address.  Then you won't have to pay US Federal taxes and yet still enjoy socialism (your social security checks).

http://sportsbetter.hubpages.c...ty-a-socialist-program

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

For Burger King in the U.S....35% idiot!

In Canada it's 15% for Burger King!

Only a MORON (like you) would stay here!

http://www.foxnews.com/politic...ery/?intcmp=latestnews

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

FAUX NEWS...LMAO

hey go get the double whopper, its what a fatass needs....

-------------------------
So if you are a surfer I wish you the prosperity that allows you more time to pursue the salt water dream, and the true happiness that comes from warm water, clean waves and the companionship of your fellow surfers. If you are an internet troll just spewing bs then f off.

There you go again attacking the messenger instead of attacking the facts!

Typical prog move.

Do you ever debate facts?

Naaaaa....not you!

When are you going to pull the race card and also claim Bush did it?

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

It's actually lower than I stated.

http://money.cnn.com/2013/07/0...te-tax-rate/index.html

-------------------------
I was right.

More irrefutable proof.

http://economix.blogs.nytimes....true&_type=blogs&_r=0



-------------------------
I was right.

So now you're calling Obama a liar!

You're an idiot!

"In the case of Burger King, the company will pay a 15 percent rate on its Canadian operations, as opposed to the American rate of 35 percent. (President Obama has repeatedly proposed lowering the corporate tax rate to 28 percent.)"

-------------------------
The REAL truth is....both of the forum idiots are OWNED.
-BOTH of them have no clue who their owner is.
-They are both card carrying narcissists.
^These are PROVED facts.

If any of you are wondering why taxes are so high in the US, basically higher than any other in the world, it's called 'redistribution of wealth'. It's a huge push from this administration. The bammy and his ilk don't think this country should be as great as it has in the past.

Redistribution of wealth?

We're talking corporations.  Not people OK?  Man the Supreme Court and Murdoch have their krill trained!

Yes, wealth to other nations. People in other countries will have more jobs.

The higher the business taxes in this country, the less we will produce, the more businesses will leave. (think oil- If the bammy would get out of the way, we would produce more and export more and bring more cash back into this country)
If you charge businesses high taxes in your own country (US- 39%) and low import taxes (US generally 2-10%) you will be exporting cash as you can get goods cheaper from other countries, (think China and Wal-Mart). Other countries then charge low tax rates for businesses to produce things in their country and charge high import taxes (think Costa Rica).

Simple economics.

I know you're not stupid. Maybe you never thought of the facts in this light. Hopefully it isn't the bammy/Dem brainwashing.

OK I'm a shelter country and I make money from unpatriotic firms moving their taxable earnings to my island.  USA lowers tax rates for orporations and I start losing my revenue stream.  Hmm  I guess I'll lower my fees.  It's a win win for corporations yo! 

Plus there is a tax code issue as we all know that corps with good accountants/laywers have a lower effetive tax rate.  But by cleaning the tax code the guys and gals in Congress who are lawyers and friends with accountants cut in on the business they and their pals make $ off.

Effective tax rate, as in, what they actually pay in taxes.

35% is a useless number.

-------------------------
I was right.

It's only unpatriotic to those who don't own a business and squawk about rich paying more.
Most clowns who think paying more in taxes will help somehow. With what, I don't know?
Government never spends any less, they just spend more than what they have, no matter how much they get.
Wake-up!
Please explain to me how rich paying more will help and how? What will they see for it in return?

Oh the small business owner is doing this as well?

"With what, I don't know?"  Oh social security, medicare. medicaid, DOD...

History lesson for Tea Party members (which is strange they forgot these things given their ancient status):   The rich used to pay a great deal more in taxes.  Hey!  That coincided with some of the best economic times this country ever experienced.  But the brainwashed tea party members pull their folding chairs closer to the Faux babble and gobble the misinformation up. 

 

As the dem gloms gobble up freebies while praying for marijuana laws to pass, more unemployment; more food stamps and less responsibility

You think you're talking a good game but, like I said before....

Please explain to me how rich paying more will help and how? What will they see for it in return?

"Please explain to me how rich paying more will help and how? What will they see for it in return? "

How about a pay down of the national debt?  Ever hear of that?  Ring a bell at all does it?  Do I need to explain how that would benefit the rich or all of America?  

Tea Party defenders of the rich unite! Armed with little else than information from Drudge and Saint Breitbart they gather strength from repeating falsehoods until they make sense to well, themselves.

 

 

Your information is false.
Even if every company in the United States pays 70% in taxes it wouldn't even slow down the fast paced rising of the National debt. Oh, and why is it the responsibility now for owners of businesses to pay more taxes? It's not their fault the government overspends trillions each year.
But you still never really answered my question.

I'll let you give it another try ..........

Edited: 09/02/2014 at 05:19 AM by sirfir

I wonder if everyone, I mean everyone paid 10% of what they make or receive; we could pay down the debt. The major problem is politicians spending more, building in huge increases into programs without proving it is needed. 10 % is the start; just saying NO is the 2nd. Jail sentences for politicians who ignore 1 & 2.

 

Yes, a huge problem IS spending more. there is a huge problem currently though... The US government needs to cut thousands, if not tens of thousands, of programs they fund. From just thousands of dollars to billions of dollars.

I would be the first one to stand up and help IF, and only IF, the government would do their job first. If they don't do their job, any amount of cash we put in will just be thrown into a fire letting it burn.

BS. No matter how much the government cut you'd find something to point at so you could complain about your taxes. The fact is people who think like you just don't want a penny of their hard earned money to help anyone else. But of course you want your roads smooth, schools top quality and police on every corner.

-------------------------
Replace turf grass with native plants that don't need irrigation and synthetic fertilizers or chemicals that can go into our waterways and ocean

Daner's point does have a long track record proving it correct.  

The fight the right wing has to give on behalf of the rich is puzzling. 

http://www.outsidethebeltway.com/history-of-american-income-tax-rates/

   

We are spending far too much on defense.

I don't need to ask you why you haven't had a simple answer to my questions. You have no clue, it's obvious.

It isn't unusual for the Conservo right wing richos to make generous donations to directly to charity. They just can't stand to have the government get any of their money.

I don't pretend that my savior and current administration is overly efficient with my taxes. But I also am not naive enough to believe that "private corporations are and we should privatize everything." I understand to err is human and they are doing the best they can and that there is room for improvement. But I don't cry over my tax money going to a strong central government to make this country great either.

-------------------------
Replace turf grass with native plants that don't need irrigation and synthetic fertilizers or chemicals that can go into our waterways and ocean

Whatever.  

For what it's worth, Burger King used to be owned by a British firm, something named Grand Metropolitan.  The move to basing the merged Burger-Tim in Canada seems based mostly on (1) Tim Hortons being as big as Burger King and probably a more viable business, (2) reassuring Canadians that one of their major companies isn't being taken over by nasty foreigners.  Taxes seem to be pretty much a wash.  They pay about the same whether based in the US or Canada.  

The govt. is very inefficient when it comes to a large majority of what they do. There is no need for a large number of the social programs that are out there, period. End of story.
-Very limited welfare.
-SS needs to be improved with a savings incentive.
-Limited unemp. compensation.
-Nothing for the arts. If they want to make money have them sell their paintings/ sculptures or find another job.

One more thing, I want a strong central government also. I want the Constitutional one.

Yes, let's let the elderly pay for their own damn insurance!

Hip replacements? Who needs them!

Bad knees? Get a crutch or wheel chair!

The mentally ill? Hell, the streets are fine, what are all those park benches for anyway?

Hungry children? They can work, can't they?

Gravel roads are awesome, so what if they eat your tires at the rate of a new set per year!

Bridges? Drive around! What's an extra hour or two?

Stop lights, stop signs, speed limits, road signs, what for? It's too damn bad that family was going too fast around that blind turn!

Heck, why have cars, horse and buggies worked for thousands of years!



-------------------------
I was right.

Everything is about sir fer, even when it isn't?

You call what the PiC is doing making our country great?

-------------------------
I :heart; Q

Laughable!!!!

You have no clue what I 'think'.

Not true regarding your statement of my money not wanting to "help people". You have no idea how much I donate to great causes- causes that are more efficient many times over than the govt., your wonderful savior.

Shit, I don't mind potholes or smooth roads. I'll even take gravel roads. Truthfully, it doesn't matter to me.

Police on every corner, I don't need that. We have too many the way it is. Many of them in many other states are collecting from the taxpayer live large when they retire at 50-55. It's a racket!

Schools- All we need is a room with a good teacher, We don't need anything fancy- no oak desks, no cherrywood doors.... just a place to learn. Shit, a warehouse is fine with me.

Daner. You obviously think your savior and current admin is very efficient and everyone with more money than you should pay more in taxes. It is very obvious.

Apparently commerce doesn't matter to you.

 

 

-------------------------
...

Tea Partiers play the "you haven't answered my questions" card.  They learned that from  watching too much Bill O'Lielly.  His guests readily answer his questions and he has the bombast to claim they didn't.  It's funny to see his dittoheads doing the same. 

Some Tea Bagger says "why should the rich pay more" I say: 1) Economy has been gangbusters in past with them paying more so obviously not as injurious as the whine about, and 2) pay down debt (which all the Tea Baggers immediately complain about as impossible).  So I'll add 3) help balance the budget.

Tea Partiers, "I want a more efficient Government"  Who doesn't? 

 

 

So you really don't think government is wasting money? Accountablility will reduce the budget and the deficit. Remember the change part of hope and change? 4-5 programs redundant, no oversight on payments, no fraud oversight, list goes on and on. Don't care about w did it, yeah and he was wrong too. It needs fixed, and whoever grows a set and does something about it will be a true hero

Guess you weren't listening in the first lesson(sp) or even read what we were going back and forth on. ADD? probably.

Try it again.
Even if every company in the United States pays 70% in taxes it wouldn't even slow down the fast paced rising of the National debt. Oh, and why is it the responsibility now for owners of businesses to pay more taxes? It's not their fault the government overspends trillions each year.
But you still never really answered my question.


Edited: 09/02/2014 at 05:42 PM by sirfir

Lessen?  LMFAO.   Yeah, I think we need better schools.

-------------------------

A gentle answer turns away wrath, but a harsh word stirs up anger.

Plenty of graduates--no common sense!

-------------------------
Romans 8;18-32 John 3;16-18

Sir-fur much respect.  It is obvious from your alias you are an experienced cab driver from some metropolitan area and are wise in the ways of all things change related.

Your lessens do just that.  Your point that revenues and spending are separate is true!  Could you remind me of the question again?  I fear reading back through the previous posts would lessen my regard for why I continue responding.

D-fense, d-fense, that's what counts.

I see this topic went way over most people's heads, but unfortunately poked Scrombrid right in the eye.  I think he should keep his head down more.     

You dropped from the thread when the discussion got detailed and then you come back a week later to take a shot?  Weak.

 

-------------------------
...

Hey Scumbird, unlike you I work and do other things. The only time I'm on this site with you morons is when I have time to waste, which isn't much.
Got things to do the rest of the day. Maybe you ought to spend time with your family or friends, if you didn'r push them all away yet. Have a good day.

Yeah, yeah. Don't use spell check. Glad you guys got a laugh though.