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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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Breitbart, Big Government, by Ben Shapiro    Original Article
Posted By: Vastrightwingconspirator- 9/18/2014 5:00:01 PM     Post Reply
Dr. Ezekiel Emanuel, one of the masterminds behind Obamacare, has now explained that he wishes to die at age 75. In an article in The Atlantic, Emanuel writes, “Seventy-five. That’s how long I want to live: 75 years.” He explains that his daughters disagree; so do his brothers and his friends. But, he says, “I am sure of my position…here is a simple truth that many of us seem to resist: living too long is also a loss. It renders many of us, if not disabled, then faltering and declining, a state that may not be worse than death but

Hillary Clinton: Congress Out of
Touch on Women´s Issues

34 replie(s)
NBC News, by Kasie Hunt    Original Article
Posted By: BaseballFan- 9/18/2014 5:15:18 PM     Post Reply
Congress is living in an "evidence-free zone" as it debates issues of equal pay and family-friendly work policies, former Secretary of State Hillary Clinton said Thursday. "Unfortunately, reality is not always the context in which these decisions are made. The Congress increasingly -- despite the best efforts of my friends and others -- is living in an evidence-free zone," she said during a roundtable discussion at the Center for American Progress focused on women´s issues. "What the reality is, in the lives of Americans is so far from the minds of too many who don´t place the highest priority" on

Obama Says Senate Vote To Arm
Syrian Rebels Was US Politics
´At Its Best´

27 replie(s)
Business Insider, by Hunter Walker    Original Article
Posted By: JoniTx- 9/19/2014 5:13:01 AM     Post Reply
The U.S Senate passed a bill Thursday evening that will give President Barack Obama the authority to arm moderate Syrian rebels, which is a key part of his plan to fight the jihadist group Islamic State (also known as ISIS and ISIL). Shortly after the Senate passed the bill, which was passed by the House on Wednesday, Obama spoke from the White House. "I´m pleased that Congress, a majority of Democrats and a majority of Republicans in both the House and Senate, have now voted to support a key element of our strategy," Obama said. Obama, who reiterated the fact

ISIS fighters terrified of being
killed by female troops

26 replie(s)
New York Post, by Geoff Earle    Original Article
Posted By: StormCnter- 9/20/2014 5:10:13 AM     Post Reply
WASHINGTON — Kurdish fighters battling ISIS desperately want more guns and armor, but they already have a secret weapon: The fanatics they’re fighting fear that if they get killed in combat by a woman, they won’t go to heaven. “They have many female battalions, as you know who fought very bravely,” Rep. Ed Royce (R-Calif.), who chairs the House International Relations Committee, told The Post of the Kurds. Royce, who met this week with the foreign minister of Kurdistan, cited recent reports of young female Kurdish troops “laughing” at ISIS forces they had turned back. “These ISIL soldiers apparently believed that if

Retired Head Of Marine Corps: Obama’s
ISIS Strategy Doesn’t Have ‘A Snowball’s
Chance In Hell Of Succeeding’

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Daily Caller, by Jamie Weinstein    Original Article
Posted By: StormCnter- 9/20/2014 5:31:37 AM     Post Reply
The man who was the top Marine general from 2006 until his retirement in 2010 says President Barack Obama’s strategy to defeat the terrorist group the Islamic State in Iraq and Syria is doomed to fail. “I don’t think the president’s plan has a snowball’s chance in hell of succeeding,” retired Marine General James Conway, who served as the 34th Commandant of the Marine Corps during the end of the Bush administration and the beginning of the Obama administration, said at the Maverick PAC Conference in Washington, D.C. Friday, according to a source in attendance. Maverick PAC has described itself

John Kerry: US At War With
The ´Enemy of Islam´

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Breitbart Big Peace, by Jordan Schachtel    Original Article
Posted By: JoniTx- 9/19/2014 3:17:20 PM     Post Reply
On Thursday In a session with the House Committee on Foreign Affairs, Secretary of State John Kerry was asked by Rep. Joe Wilson (R-SC) whether America was at war in Iraq and Syria. (Video) Kerry responded: “If you’re more comfortable calling it a war against this enemy of Islam then please do so. We’re happy to call it that.” So its official: America is at war with the enemy of Islam. However, strange bedfellows arise if the Obama administration so chooses to uphold Kerry’s claim that we are at war with the enemy(s) of Islam. The following displays that Secretary

Rice Bolts During Intense Press
Questioning Over Obama´s Syrian
Air Strikes

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Breitbart TV, by Pam Key    Original Article
Posted By: JoniTx- 9/19/2014 5:22:52 PM     Post Reply
(Video)Friday during the White House press briefing, National Security Advisor Susan Rice abruptly left in the middle of a question after confusing reporters with her announcement President Barack Obama was going ahead with air strikes in Syria. When reporters began to grill Rice about whether the president had already given the authorization to the militarily to bomb in Syria, Rice kept repeating they would not be releasing information on the timing of those air strikes. Reporters continued to push with several trying to explain their question is if the president has already given authorization. Laughing uncomfortably Rice exited the room

Rare respiratory virus spreads to 22 states
23 replie(s)
Washington Post, by Mark Berman    Original Article
Posted By: LittleHoodedMonk- 9/19/2014 6:10:55 PM     Post Reply
That rare respiratory illness sickening children around the country continues to crop up in new places. It has been confirmed in 22 states, the Centers for Disease Control and Prevention said Friday, appearing in three states where it had not been previously: Georgia, Michigan and Washington state. These children are facing an uncommon enterovirus strain. While enteroviruses in general are quite common, this particular strain — enterovirus 68 — has not cropped up terribly often since it was first identified in 1962. It can cause severe breathing problems, a particular danger for children who may suffer from asthma or other

WSJ: Obama will require military to get his
personal approval for U.S. strikes in Syria

22 replie(s)
Hot Air, by Allahpundit    Original Article
Posted By: StormCnter- 9/18/2014 3:08:29 PM     Post Reply
A man who’s a better speechwriter than his speechwriters, a better political director than his political directors, and who knows more about policy than his policy advisors must surely also be a better general than his generals, no? The U.S. military campaign against Islamist militants in Syria is being designed to allow President Barack Obama to exert a high degree of personal control, going so far as to require that the military obtain presidential signoff for strikes in Syrian territory, officials said. The requirements for strikes in Syria against the extremist group Islamic State will be far more stringent than those targeting


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