It’s official. BK is a traitor to the country that started them. http://t.co/NvLE5lZHWC
— Bill Binan (@whitepants) August 26, 2014
So because they don’t want to pay more in taxes, Burger King is a traitor?
U.S. Sen. Sherrod Brown wants to boycott Burger King, and he wants you to boycott it, too.
Burger King Worldwide Inc. announced this week plans to buy Canadian company Tim Hortons Inc. As part of the deal Burger King will move its headquarters to Canada.
“Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” the Democrat from Ohio said in a statement. “Burger King has always said ‘Have it Your Way’; well my way is to support two Ohio companies that haven’t abandoned their country or customers.”
How the company abandoned its customers when it still plans to have both Burger King and Tim Horton restaurants in the U.S. isn’t explained.
It’s all about the money, of course.
Being headquartered in Canada means Burger King will save money, usually a good thing for employees and investors.
Except in this case.
You see, some of the savings come from not paying U.S. taxes — federal, state and city — at nearly 40 percent, the highest rate among members of the Organization for Economic Cooperation and Development.
Instead, the King will pay the Canadian rate, about 26 percent.
Oh, the chain will still pay the U.S. rate on sales in the U.S., but it won’t have to pay that rate on sales in Canada or elsewhere in the world, as it does now under their headquarters in Florida. The U.S. is one of only a few countries that taxes overseas and domestic profits at the same rate.
Brown isn’t alone in suggesting a boycott.
By Maggie Thurber | for Ohio Watchdog
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