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Burger King’s Bonanza: The media
finally wake up to corporate chicanery

Fox News, by Howard Kurtz

Original Article

Posted By:Drive, 8/28/2014 8:05:51 AM

I feel confident in saying that most Americans are disgusted by the perfectly legal practice of U.S. companies avoiding taxes by incorporating in another country. So why does it take a whopper of a story to get the media to pay attention? Burger King, as you know, is moving to buy the Canadian chain Tim Hortons, and this is more about dollars than doughnuts. The hamburger giant plans to move its headquarters to Canada, thereby slashing its Treasury tax bill. The White House doesn’t like it. Democrats don’t like it. The Republicans don’t like it. And, as usual, it doesn’t look like Washington

      


Post Reply  

Reply 1 - Posted by: avikingman, 8/28/2014 8:14:14 AM     (No. 9984177)

I am NOT at all disgusted by the "perfectly legal practice of U.S. companies avoiding taxes by incorporating in another country."

I AM disgusted by the confiscatory taxation, EPA regulations and the gestapo like IRS under this administration.

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Reply 2 - Posted by: bpl40, 8/28/2014 8:14:37 AM     (No. 9984179)

I am more disgusted at the socialist regime of high taxes, crushing regulatory burden that is driving payroll creating businesses out of the country. Address the root cause first.

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Reply 3 - Posted by: fritzilou, 8/28/2014 8:19:26 AM     (No. 9984185)

I can´t read beyond the opening paragraph. Chastising business for doing what it has to do to remain competitive is ridiculous. Profit allows for expansion of business, salary raises and the ability to pay the tax and regulatory burden. Business is us, the employees and the consumers as well as the executives. We´ve been in business and know the struggle that business endures.

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Reply 4 - Posted by: Keekng, 8/28/2014 8:20:38 AM     (No. 9984188)

The real crime here is perpetrated by Congress and the Administration for allowing a tax rate so high that companies will save mega-dollars by going to other countries.

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Reply 5 - Posted by: metalman2, 8/28/2014 8:22:31 AM     (No. 9984190)

It´s not a loop-hole it´s a flood gate and the waters are going to find the lowest spot. It´s a natural thing and the only way to stop it is to change our tax code. A local company near where I live recently moved it´s headquarters to Scotland and has announce no more expansion in the United States. They employ 4,000 here and that will slowly go away.

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Reply 6 - Posted by: CGP, 8/28/2014 8:25:26 AM     (No. 9984195)

I believe Howie Kurtz has misplaced his confidence. The only disgust I feel is for the American tax rate which makes such moves attractive to corporations.



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Reply 7 - Posted by: Udanja99, 8/28/2014 8:30:31 AM     (No. 9984199)

I say Bravo to any company or individual who manages to keep even one dollar out of the hands of the evil and corrupt US government under president Smidgen.

The outrage from the demoncrats is laughable since they created the very circumstances which are making corporations leave our shores. Now they´re trying to lie their way out of the blame with their outrage.

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Reply 8 - Posted by: bamapreacher, 8/28/2014 8:30:48 AM     (No. 9984201)

I´m disgusted that high corporate taxes are needed to fund people who think working at Burger King is beneath them and would rather suck tax money from the government.

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Reply 9 - Posted by: Garage Logician, 8/28/2014 8:35:30 AM     (No. 9984204)

This corporate inversion is decried by lefties who drive cars made by companies domiciled in other countries, and tap away on their Apple devices built overseas. They´re big fans of U2, who declares its tax home to be the Netherlands, IIRC, to reduce their tax bite while Bono complains that everyone else is too greedy to make the world a better place.



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Reply 10 - Posted by: bridgepard, 8/28/2014 8:37:06 AM     (No. 9984205)

In Obama´s America corporations which abide by the law are unpatriotic while illegal immigration is encouraged. Right is wrong and wrong is right.

A government with no moral compass wanders aimlessly, not knowing what direction to go in.

2 more years of this nonsense. What fun.

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Reply 11 - Posted by: Doctor P, 8/28/2014 8:37:29 AM     (No. 9984206)

Salon provides the chicanery in propagating the concept that the US deserves to tax money OUTSIDE THE US TERRITORY in the first place.

Under most every other countries tax laws, firms would pay ONLY the tax earned in that country.

BK, and other firms so situated, will still pay the US taxes on earnings IN THE US but not be required to pay US taxes on earnings that should never be taxed by the US.

Of course, folks like Salon believe that that all money belongs to the government and that only by their benevolence can you keep your OWN money.

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Reply 12 - Posted by: Jerseyden, 8/28/2014 8:42:27 AM     (No. 9984211)

Howie you are at Fox now. You no longer have to drink the lib socialist koolaid anymore. If I want to listen to commie propaganda I´d watch the msm channels.

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Reply 13 - Posted by: lifelonghuman, 8/28/2014 8:44:19 AM     (No. 9984214)

And Warren Buffet´s firm financed the sell. Appears another Buffet rule is in the wind.

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Reply 14 - Posted by: Patchy Groundfog, 8/28/2014 8:45:35 AM     (No. 9984219)

Kurtz´s employer may change but he is a DC swamp creature along with the rest of the government-is-all trilobites.

It is not ´corporate chicanery,´ is it maximizing shareholder profit which is the point of the whole exercise. Perhaps the irony escapes Kurtz but corporate executives are HIGHLY accountable and out on the ear if they fail. Perhaps government should operate that way?

Anyone referring to ´economic patriotism´ should be tarred and feathered.

I would exceed my word limit quickly if I listed all examples of government hypocrisy but ruining the economy by opening the borders (which they control) while complaining about high taxes (which they also control) chasing productive money out of the country might be near top of the list.



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Reply 15 - Posted by: geoguy, 8/28/2014 8:46:12 AM     (No. 9984221)

FTA; "The Republicans don’t like it."

The RINO Republicans who like big government where we are subservient to their will don´t like it.

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Reply 16 - Posted by: bigfatslob, 8/28/2014 8:47:12 AM     (No. 9984225)

Don´t ever think if the Republicans were in control they would change the tax structure on corporations . If they show outrage at the move then they are just a stupid as the democrat communist.
Democrats doing what they do best, kill the goose laying the golden eggs.

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Reply 17 - Posted by: strike3, 8/28/2014 8:56:42 AM     (No. 9984240)

Along with the IRS, Howard can thank obamacare for actions such as this. The bigger the overhead burden becomes, the more corporations will try to cut expenses in other areas.

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Reply 18 - Posted by: mc squared, 8/28/2014 8:59:55 AM     (No. 9984247)

People lower their tax bite all the time by leaving expensive northern states. This is just on a bigger scale



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Reply 19 - Posted by: SpeedMaster, 8/28/2014 9:00:28 AM     (No. 9984249)

Since this (once) great nation was founded because people were mad at the current tax system, I view Burger King´s actions as those of a true patriot.

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Reply 20 - Posted by: velox, 8/28/2014 9:16:00 AM     (No. 9984276)

This just shows how stupid the liberal left is!
Instead of trying to understand what economic reasons BK wants to give up 50 years of being a USA business, they blame BK for being greedy.
Is it BK being greedy or the liberal left being greedy.
Their logic is right out of "Atlas Shrugged".

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Reply 21 - Posted by: right-turn, 8/28/2014 9:24:03 AM     (No. 9984284)

In my opinion Howard is a complete idiot. First of all, Corporations do not pay taxes. They do collect taxes for the spend happy government. All taxes must be added to the cost of goods or services in order to stay in business.
Contrary to the stupid comments by Kurtz, it is the people who pay the taxes in higher cost of goods.
Dollars to donuts that Kurtz uses EVERY loophole he can find or his tax preparers use every loophole to reduce taxes.
Wanna bet??

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Reply 22 - Posted by: chumley, 8/28/2014 9:26:59 AM     (No. 9984293)

I dont have a problem with it. If there is a mugger on your block who has the full protection of the police, eventually you will move to a block who´s mugger takes a smaller chunk.
Go Galt!


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Reply 23 - Posted by: Clinger, 8/28/2014 9:27:33 AM     (No. 9984295)

We are killing the golden goose yet are utterly dismayed when it squawks? Find me the critic of business acting on their own behalf who doesn´t themselves act on their own behalf. Who of them sends an extra check to the government out of altruistic motives? Furthermore they, through their purchasing and investment choices, dictate that business sell at a competitive price and earn a competitive return on equity.

We are all capitalists but we come in two flavors. One has the courage and integrity to take on all comers on a level competitive playing, field while the other attempts to rig the game in their favor while pretending to be above acting in their own self interest.

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Reply 24 - Posted by: TOOTALL, 8/28/2014 9:29:06 AM     (No. 9984297)

Wrong Howard. And if more people knew how much money was involved they´d be shocked. .4 of 1% of tax revenues are at stake here, which is next to nothing. The uproar is ridiculous.

The real story is that our taxes which are used for SPENDING are way too high and that is why the landscape is changing so rapidly. And why Politicians of all stripes want this stopped. Once the tide start to move, it will not be controlled.

The American Dream has turned into the American Nightmare

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Reply 25 - Posted by: dman, 8/28/2014 9:30:06 AM     (No. 9984300)

Fix?

Fair Tax.

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Reply 26 - Posted by: Keekng, 8/28/2014 9:34:55 AM     (No. 9984307)

Chicanery? Look no further than the IRS and DoJ for true chicanery!

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Reply 27 - Posted by: DocH, 8/28/2014 9:39:30 AM     (No. 9984318)

Who is John Burger King?

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Reply 28 - Posted by: snakeoil, 8/28/2014 9:50:54 AM     (No. 9984334)

Warren Buffet is involved with Burger King and Arbys? Another reason to eat at Chic-filet-A. When Hollywood types become citizens of other countries for tax breaks there ain´t no lib outrage.

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Reply 29 - Posted by: QRP, 8/28/2014 10:23:16 AM     (No. 9984379)

Howie, corporations don´t pay taxes, they only collect them.

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Reply 30 - Posted by: MDMuskrat, 8/28/2014 10:39:19 AM     (No. 9984404)

Even by Howie´s unique 35/15 figures, the tax savings to BK are 20%. Most figures I´ve seen for the US/Canada are 39.1/16.5. In any case, these corporations are fleeing the civilized world´s biggest corporate tax rate.
[As an aside, we are the only nation that allows birthright citizenship.]

And don´t be too hard on billionaire Warren Buffett. Don´t forget, Jeffrey Immelt, Obama´s Jobs Czar, took GE´s medical imaging manufacturing to China.

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Reply 31 - Posted by: reilly, 8/28/2014 10:40:45 AM     (No. 9984409)


found online:

Q: Difference between Burger King and Obama? A: One´s a creepy king known for whoppers, and the other´s a fastfood chain bolting high taxes.


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Reply 32 - Posted by: jeffkinnh, 8/28/2014 10:42:47 AM     (No. 9984412)

Howie, the outrage here is that the US tax rates are so high. The US is uncompetitive in the world. This has been talked about for many years and BO, who loves high taxes because they are "fair", refuses to consider cutting the rate.

Business will always use any legal means to avoid costs. It is legally required for corporate boards to maximize shareholder value, including tax avoidance. The liberals are irked that businesses will not sit quietly and be slapped around by the government taxes.

And guess what? If American business acquiesced to high taxes they would become uncompetitive with foreign competition who would, over time, grab market share. The government would get no taxes from companies losing money, like Sears. The foreign businesses would eventually take over and the result would be the same as what Burger King is doing.

The problem is that liberal tax policy doesn´t work and is destructive of the market place. Of course BO is too smart to know that.

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Reply 33 - Posted by: Safari Man, 8/28/2014 10:57:13 AM     (No. 9984425)

Fox should invert Kurtz and send him back to CNN.


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Reply 34 - Posted by: rosewater, 8/28/2014 11:01:24 AM     (No. 9984434)

Hey Howie, I applaud BK and would love to see every corporation that could do this do it. Maybe congress would take notice (probably not).

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Reply 35 - Posted by: mitzi, 8/28/2014 11:03:31 AM     (No. 9984440)

I´m amused by the headline!

I wonder how many more years before the media finally wakes up to Obama chicanery?

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Reply 36 - Posted by: oh-heck, 8/28/2014 11:08:21 AM     (No. 9984450)

A tax is something that is passed on to the consumer until the consumer decides that product is not worth the money. A significant part of the US loss in manufacturing has been because our tax structure encourages companies to manufacture outside the US. The other side of the equation is foreign corporations buying US facilities because they can sell ketchup at a lower price than the US company they bought. Why, because of tax rate.

Dropping the US corporate and personal tax rates (small business report as individuals) to 20% would reverse these trends overnight. Why overnight? If you have ever toured the Anheuser Busch brewery in St Louis you will know the difference between a modern large scale and a state-of-the-art facility. Imagine what you would build if you decided to reenter the US market for ketchup. The tax incentive would justify the capital and the state-of-the-art facility would give long term competitive advantage.

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Reply 37 - Posted by: snowoutlaw, 8/28/2014 11:26:51 AM     (No. 9984487)

Now I might agree if the lying media was saying something like I am disgusted at BK because they use sex to sell burgers. You got to love BK´s hot babes. If they are saving money maybe they will bring back the 99 cent whopper.

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Reply 38 - Posted by: jglas, 8/28/2014 11:34:15 AM     (No. 9984500)

It´s called the free market Howie. First off companies are working for their shareholders not the government (and those shareholders can be anywhere in the world). Their purpose is not to create high paying jobs and pay most of their profits in taxes to the government. In a free market companies try to maximize profits by reducing costs. Taxes are one very big element of costs. If they have to move to another country because business taxes there are more favorable that´s what they´ll do because that´s what they´re supposed to do because they´re working for their shareholders not the government. You are essentially lamenting the fact that the United States has always been and still is (although less and less lately) a free market country. You should be lamenting that we are becoming more and more a crony capitalist country (where companies do work for, that is are controlled by the government) and so we are losing the profit motive. That´s not good. That´s bad. It will make everyone poorer because it leads to the political distribution of wealth and nobody busts their butt to create wealth if they can lobby for it or vote it to themselves.

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Reply 39 - Posted by: PAdiva, 8/28/2014 12:03:53 PM     (No. 9984548)

Did JFKerry ever move his yacht to MA? Is it still in another state to avoid taxes?

The story goes that the dem candidate for PA governor has his business registered in Delaware. Why would he do that?

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Reply 40 - Posted by: enemyofthestate, 8/28/2014 3:43:44 PM     (No. 9984886)

No, Kurtsy, I am emphatically not disgusted.

I just went out of my way to buy lunch at Burger King, and I urge everyone to do the same at least once in the next week.

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New York Post, by Lia Eustachewich    Original Article
Posted By: mc squared- 10/4/2014 10:08:43 AM     Post Reply
It’s the “Dawn of the Planet of the Apes.” A New York appeals court next week will consider whether chimps should have the same rights as human beings. The extraordinary proceeding is the result of a lengthy battle by animal-rights activists who argue that animals with human qualities — including chimps — are entitled to human protections, including freedom from captivity. Steven Wise, part of the Nonhuman Rights Project, which is leading the effort, will have to convince a panel of Albany appellate judges that a chimp name Tommy is a “legal person” to get him moved from a cage

28 words that Democrats
really wish President Obama
didn’t say today

26 replie(s)
Washington Post, by Chris Cillizza    Original Article
Posted By: Dreadnought- 10/2/2014 10:48:52 PM     Post Reply
President Obama was at Northwestern University on Thursday to deliver an economic speech that, he and his team hoped, would lay out the case for why the public is better off today than they were six years ago -- even if they didn´t feel it in their everday lives. Instead, Obama just gave every Republican ad-maker in the country more fodder for negative ads linking Democratic candidates to him. Here are the four sentences that will draw all of the attention (they come more than two thirds of the way through the speech): "I am not on the ballot this

Meghan McCain on Secret
Service: ´I hated all of them´

24 replie(s)
The Hill (Washington DC), by Judy Kurtz    Original Article
Posted By: JoniTx- 10/3/2014 12:30:44 AM     Post Reply
Meghan McCain joined the dog pile on the Secret Service this week, saying she’s had “nothing but horrible experiences" with the agency and likening the agents to “glorified mall cops.” The 29-year-old author and television personality, who is also the daughter of former GOP presidential candidate Sen. John McCain (R-Ariz.), opened up on Pivot’s “TakePart Live” about some of her interactions with the Secret Service. "I have nothing but horrible experiences with the Secret Service,” McCain said. “One of my friends called them glorified mall cops and I don´t think that´s terribly far off. I found them cliquey. I hated

We’ve made the
Ebola crisis worse

24 replie(s)
Telegraph [UK], by Geoffrey Lean    Original Article
Posted By: Attercliffe- 10/3/2014 11:45:50 PM     Post Reply
It is the stuff that nightmares are made of, and day by day it is getting worse. The Ebola epidemic, says Dr Margaret Chan, director-general of the World Health Organisation (WHO), is now “the greatest peacetime challenge” since the Second World War. Yet her own organisation’s tardiness, partly caused by cuts, together with reductions in--and misuse of--funds elsewhere, are largely responsible for Ebola spiralling out of control. [Snip] It’s just the beginning. At present the numbers of people infected are thought to be doubling in under 30 days--and the blue-chip US Center for Disease Control and Prevention predicts that, if Ebola

Some Blacks See Secret Service
as Flawed Shield for the President

23 replie(s)
New York Times, by Peter Baker    Original Article
Posted By: KarenJ1- 10/3/2014 12:16:43 PM     Post Reply
WASHINGTON — Representative Elijah E. Cummings of Maryland was at the grocery store the other day when he ran into an elderly black woman who expressed growing concern about President Obama’s safety. Why, she asked, wasn’t he being better protected by his Secret Service agents? The furor that led to this week’s resignation of the director of the Secret Service resonated deeply among blacks, outraged that those supposed to be guarding the first black president were somehow falling down on the job — and suspicious even without evidence that it may be deliberate. “It is something that is widespread in

White House says it has
Ebola virus under control

23 replie(s)
The Hill [Washington, DC], by Sarah Ferris    Original Article
Posted By: KarenJ1- 10/3/2014 6:55:38 PM     Post Reply
Top White House officials on Friday worked to reassure the American public that the national response to Ebola is under control. Leaders of the country’s health, defense and military branches stressed that they are taking the right steps to contain the spread of the deadly virus, which was first diagnosed in the U.S. on Tuesday. Top White House officials on Friday worked to reassure the American public that the national response to Ebola is under control. Leaders of the country’s health, defense and military branches stressed that they are taking the right steps to contain the spread of the deadly virus, which

Most Texas abortion clinics shut down
as abortion rights recede in South

23 replie(s)
Christian Science Monitor, by Patrik Jonsson    Original Article
Posted By: StormCnter- 10/4/2014 7:48:03 AM     Post Reply
ATLANTA — Texas, America’s second-most populous state behind California, saw 13 of its last abortion clinics turn away women on Friday, after a federal appeals court upheld a law that practically guarantees that only a handful of clinics will remain open in the state. The strictest-of-its-kind Texas law requires abortion providers to build hospital-grade facilities and obtain sometimes impossible-to-get hospital admitting privileges. After signed into law last year by Gov. Rick Perry (R), the law forced most of the 41 clinics operating to close. Thursday’s ruling wiped out a brief victory this summer for abortion rights proponents,

California’s next big political fight:
Plastic grocery bags

22 replie(s)
Washington Post, by Reid Wilson    Original Article
Posted By: garnet- 10/3/2014 9:19:26 AM     Post Reply
Go to a grocery store in California and buy all the milk, eggs and vegetables you want. But there’s one thing you won’t find at the checkout line, beginning July 1, 2015: Plastic bags to carry your stuff home. Gov. Jerry Brown (D) on Tuesday signed into law a ban on single-use plastic bags, making California the first state to prohibit stores from using the ubiquitous carry-alls. Shoppers will be charged 10 cents for every paper bag and heavy-duty plastic bag they use. “This bill is a step in the right direction,” Brown said in a press release announcing his approval. “It

Lindsey Graham Mulling White House Run
22 replie(s)
Daily Caller, by Alex Pappas    Original Article
Posted By: jackson- 10/3/2014 1:37:53 PM     Post Reply
The hawkish Republican Sen. Lindsey Graham of South Carolina says he is thinking about running for president in 2016. In an interview with Stephen Hayes of the Weekly Standard, the senator, running for re-election to the Senate this year, said: “If I get through my general election, if nobody steps up in the presidential mix, if nobody’s out there talking — me and McCain have been talking — I may just jump in to get to make these arguments,” Graham said. Graham, 59, also dismissed Florida Sen. Marco Rubio, 43, as a presidential candidate, saying he is too young. “He’s a good


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