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Warren Buffett will pay $3B for
Burger King to buy Tim Hortons —
and avoid U.S. taxes

New York Daily News, by Robert Dominguez , Corky Siemaszko

Original Article

Posted By:SoCalGal, 8/27/2014 6:17:02 AM

President Obama’s favorite billionaire has thrown him under the Burger King bus. Warren Buffett stuck one of his big Midas thumbs in Obama’s eye Tuesday by agreeing to pony-up $3 billion so the hamburger chain can buy a Canadian doughnut outfit — and avoid paying millions in U.S. corporate taxes by moving part of its headquarters to Ontario. Buffett made the move just a month after Obama denounced “inversion” tactics like this as an “unpatriotic tax loophole” and ordered regulatory changes to curb them. The White House declined to discuss this flame-broiled whopper of an embarrassment Tuesday.

      


Post Reply  

Reply 1 - Posted by: robertj984, 8/27/2014 6:50:10 AM     (No. 9982809)

It is the duty of every business owner to reduce costs and maximize profits. After all, isn´t that was the federal government is doing? The only difference is, the government confiscates it, businesses have to compete for it

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Reply 2 - Posted by: Doctor P, 8/27/2014 8:02:13 AM     (No. 9982871)

Buffett wants the tax law to be complicated so that he can take advantage of it.

Nothing new about that.

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Reply 3 - Posted by: Udanja99, 8/27/2014 8:41:18 AM     (No. 9982914)

If Smidgen is truly upset about this he could always get revenge by building the Keystone pipeline.

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Reply 4 - Posted by: Garage Logician, 8/27/2014 9:05:48 AM     (No. 9982948)

Too bad we can´t invert our bottom 47% to Canada.

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Reply 5 - Posted by: mickturn, 8/27/2014 9:11:00 AM     (No. 9982957)

A typical lib...hypocrit as well as thief of other people´s money to enrich himself.

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Reply 6 - Posted by: FL_Absentee_Voter, 8/27/2014 9:39:42 AM     (No. 9982998)

Has he given his $50K/year secretary a raise yet?

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Reply 7 - Posted by: whyyeseyec, 8/27/2014 10:05:33 AM     (No. 9983029)

@#6: No, but she pays more taxes that he does.

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Reply 8 - Posted by: PAdiva, 8/27/2014 10:26:48 AM     (No. 9983048)

Horray for the freedom to make a business decision.
I´ll be going to Burger King on Monday. I have discount coupons.

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Reply 9 - Posted by: Carolina Kat, 8/27/2014 10:33:24 AM     (No. 9983059)

Aren´t there jobs Canadians just won´t do? Can´t we do just like Mexico and put the illegals on a train north? Nah, Canada protects its border, which is shorter than Texas so they can do that…. sarc/

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Reply 10 - Posted by: Safari Man, 8/27/2014 10:34:24 AM     (No. 9983062)

Hortons? WHO?


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Reply 11 - Posted by: harleynyc, 8/27/2014 10:37:45 AM     (No. 9983065)

This gives me another one of my ´What America Needs´ ideas. Wait for it....A Burger Buffet ! Yeah Baby !

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Reply 12 - Posted by: Democracy First, 8/27/2014 11:13:32 AM     (No. 9983117)

Now that Dem mega billionaire and ØbaMugabe supporter Buffett is bankrolling this move, where are all the Marxist Dems whining about the eeeevil corporate vampires, etc etc. ??? Hmmm???? Crickets.....

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Reply 13 - Posted by: antiquegolf, 8/27/2014 11:15:05 AM     (No. 9983121)

The NYDL news suggests buffett´s finance of the Burger King inversion puts his relationahip with obama at risk. That is hogwash. As long as buffett gives gererously to the democrat cabal, obama will dole out crony capitalist awards to berkshire hathaway.

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