Burger King Leaves US over Tax Rate
Burger King, the second-largest burger chain in the United States will buy Canadian company Tim Hortons, moving its company headquarters to Canada in the process. From The Washington Post:
International fast food behemoth Burger King Worldwide Inc. confirmed Tuesday that it will pay about $11 billion to buy Canadian chain Tim Hortons Inc., which sells coffee, donuts, and other breakfast food fare. The deal would merge America’s second-largest burger chain, which is valued at nearly $10 billion, with the Canadian equivalent to Dunkin’ Donuts, which is valued at more than $8 billion. It would also move the new company’s headquarters to Canada, where corporate taxes are significantly lower.
Cue tax-and-spend liberals whining about Burger King’s move being unpatriotic. But what is more patriotic, complaining about companies fleeing confiscatory tax rates, or fleeing high tax rates?
The post Burger King Leaves US over Tax Rate appeared first on Campaign for Liberty.
Source: http://www.campaignforliberty.org/national-blog/burger-king-leaves-us-tax-rate/
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