It may be hard to believe, but you just left the evil corporation called Burger King. You know, the one that recently merged with Tim Hortons and put their company's address in Canada.
Burger King did this in order to avoid or reduce paying taxes (the language used depends on what "side" you are on). It's called inversion and both President Obama and many Democrats have proposed "closing this unpatriotic tax loophole for good." Interestingly enough, while Burger King's actions caused it to be "unpatriotic," many - if not all - of Democrats have said nothing in regards to the "patriotic" Democratic leaning Warren Buffet who provided $3 billion in equity for financing the deal (out of the total purchase of $11.4 billion) (I suppose it makes sense to not show ill-will to a heavy donor and Democratic fundraiser).
Of course, Burger King businesses will remain in the United States, so the imagined scenario above can continue for a little bit longer. (You can put away the tissue now). But the merger has resulted in the intellectuals and ruling class using a plethora of hateful language towards the "unpatriotic" company.
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BTW...if the problem is that people (or corporations - whatever, they are the same, right?) are unpatriotic by trying to avoid paying taxes, then why isn't the media, the ruling class, and intellectuals focused on individual tax breaks? Shouldn't we all pay our "fair share"? Let's look at a few personal deductions that can be claimed by millions of actual people very year and the resulting losses of government theft - I mean, revenue (losses during fiscal years 2012-2016):
- Mortgage interest on owner-occupied homes: $609 billion.
- Set-up basis of capital gains at death: $357 billion.
- Tax preferred contributions to 401k plans: $356 billion.
- Taxable income from implicit gross rental income on housing: $302 billion.
- Nonbusiness state and local taxes (other than on owner occupied homes): $292 billion.
- Employer pension plans: $246 billion.
- Charitable contributions: $240 billion.
- Capital gains exclusion on home sales: $217 billion.
- Accelerated depreciation of machinery and equipment: $160 billion.
The total: almost $3 trillion! If there has to be an argument about "patriotism" or the lack thereof, should we not hate on both corporations and individuals? Of course, we shouldn't hate anybody. The taxes are received through theft anyways; plus, taxes and deductions inherently create schisms between "patriotic" and "unpatriotic" businesses or individuals (basically acting as corporate welfare). If you have money for a decent accountant you are golden! If not, well, I guess you are out of luck. Just read some of the forms and do it yourself (it should be pretty easy - the government did provide you with high quality free public education)!
Once again, politics wins. Well, at least on the TV and radio. I haven't heard one person in real life say anything about corporate inversions. Rather, I see real people in Burger King, eating cheap food and using the internet for free. Sounds good to me! Maybe less government intervention would be better for all of us.