So, the left is completely freaking out over Burger King re-imagining itself as a Canadian company. Among the Democrats freaking out because their anti-business policies are driving US companies to other countries is Democrat congressional candidate Sean Eldridge. Eldridge is running for Congress from New York state after building a personal fortune by starting a successful business that created thousands of jobs marrying a dude who was friends with Mark Zuckerberg at Harvard and cashed in when Facebook went public.
Echoing Democratic talking points on tax policy, Eldridge called Burger King’s attempts to reduce its tax burden “unpatriotic.”
The company announced this week that it will acquire Canadian fast food chain Tim Horton’s and shift its corporate headquarters north of the border. The move, commonly known as a tax inversion, will allow Burger King to pay Canadian corporate tax rates, which are substantially lower than American ones.
Eldridge did not say whether investors in the deal are also unpatriotic. They include his husband, Facebook co-founder Chris Hughes, who owns between $50,000 and $100,000 in Tim Horton’s stock, according to Eldridge’s financial disclosure forms.
Eldridge rejected the suggestion that America’s corporate tax rate, the highest in the developed world, is pushing companies abroad.
“We have the highest tax rate in the world, thirty-five percent, but the average is companies pay in the teens,” he told the Daily Mail, a newspaper in Hudson, N.Y. “Some pay almost nothing.”
So, hold on a minute:
1. BK is “unpatriotic” for setting up shop in Canada in order to pay lower taxes than they would in the USA.
2. The US tax code doesn’t need to be reformed, because companies like BK really don’t pay higher taxes in the USA.
Come on, which is it?
ESPN reports Mike Sam locker room shower story.
http://www.breitbart.com/Breitbart-Sports/2014/08/27/ESPN-Apologizes-for-Michael-Sam-Shower-Report
Leftists in the UK believed underage girls made lifestyle choices to be gang raped and doused in gasoline. The right was called islamaphobes for reporting al-hijra a decade ago.
http://www.breitbart.com/Breitbart-London/2014/08/27/Suzanne-Evans-on-Rotherham-Rape-Scandal
” believed some of these desperate and abused girls were making ‘lifestyle choices.’ Worse, that they even regarded some of these child victims ‘with contempt.”
The US Treasury makes billions of dollars by encouraging foreign multinationals to IPO here in the US on Wall Street, many moving their “official domicile” here to take advantage of the US capital markets and the “safety” provided by US Rule of Law that protects assets from capricious home governments grasping at their profits and assets.
Oh, right. That sounds just-like BK moving to Canada to escape the capricious US Govt. After seeing how BoA got screwed for $14-BILLION-dollars over Countrywide Mortgage after the same US Govt. begged them to take-over Countrywide Mortgage several years ago…maybe BK is right.
Liberal self-righteousness & big government/tax ideology can be as upset as they please. It doesn’t play well with the average man on the street in Obama’s economy.
He’s a gay candidate, consistency is not required. He could get away with saying the earth is flat.
Can we please stop calling companies that do things we dot like as “unpatriotic” it’s stupid.
That said the US would do well to rework it’s corporate tax structure.
Lowering the tax and ditching the loopholes isn’t that hard and I bet they won’t bleed tax money because the companies will stay here.
This “paying taxes is patriotic” crap started by Clinton has got to stop.
This government thinks that they are our masters. Will it take another rebellion to prove that they are not?
If paying taxes is so patriotic, ask how many among the Lying Left use tax shelters, or take itemized deductions, or use a tax service — because if they do, doesn’t that make them rampant hypocrites? It all comes down to the government thinking it is THEIR money first, when it isn’t.
Funny how e-cigs and fuel-efficient cars, things the Left should be thrilled for, only are cause for new taxes. Let’s tax e-cigs like normal ones! Let’s tax people for every mile traveled! Sure, we said we wanted fewer people to smoke, and to cut down pollutants, but now we’re losing money we count on!
If the Left wasn’t so consistently dishonest, they wouldn’t be the Left.
I’m having a difficult time understanding why paying more in taxes is patriotic. But I know the reason, it is patriotic for the Democrats. Remember during the 2008 campaign, Joe Biden defending Obama’s plan to raise the tax on the rich for which he said, it’s patriotic. It’s more income for the government, create more social programs, which translates into more votes to stay in power. Apparently there are not enough people yet, that’s why the southern border is wide open, more Democrats in the making. It doesn’t matter if a few jihadist slip in, although we need to patrol the north as well. There are at least 100 Canadians in the middlwe east being trained by ISIS, to perform terrorist acts and ultimately destroy the western way of life.
Is it possible that Burger King finally got tired of trying to buy tax loopholes from our patriotic politicians? If Canada’s pols are less corrupt than American pols, BK can save a ton of money just in lobbying costs.