I'm so glad I live in a part of the country where In-N-Out operates - crazy good, high quality food for $5-6 per meal.
Wish I had a In-N-Out.
You know I try to like that place but it never tastes better than a slightly glorified McDonald's burger. I just went there again last week and it was very meh, aside from the nicely toasted bun. I think that is the last time I ever go there.
KT
How can you blame them or get mad? The entire world is run by greed and corporations. If there is a way to save money and they have the tax system set up like that you expect them to not use it? Every single one of you would do the same thing. Let's say it was legal for you to get a Canadian PO box and so you didn't have to pay sales tax or property tax or some such, you know you'd be first to sign up.
This country is so screwed though with everyone jumping ship.
Anyone who talks about "tax inversion" without also mentioning that the US a) has the most screwed-up corporate tax in the world, and b) is literally unique in levying tax on extraterritorial income, is generally not worth listening to.
Oh, actually just checked Wikipedia, and Eritrea also taxes extraterritorial income. So not unique after all. It's obviously a sane policy since Eritrea does it too.
Surprised this hasn't made it here yet... You Americans may be losing an American icon to a Canadian icon.**
** If you ignore the nationalities of the current and former owners.
Nothing's official yet, but both stocks, apparently, went up a lot today on that news.
http://www.cbc.ca/news/business/tim...l-would-base-burger-chain-in-canada-1.2745754
And the biggest hypocrite on the planet, Warren Buffett, is facilitating it.
We Americans aren't losing anything.
I'm pretty sure the BK restaurants located in the US will remain under a US corporation. The BK restaurants in other countries will be under a non-US corporations.
I believe a better description might be that Canadians just lost control of TH's. BK is just using TH's as a means to keep foreign BK restaurants out of US taxation.
Fern
Given that BK is owned by a Brazilian private equity firm it seems that neither Americans nor Canadians are really losing anything.
All they have to do is look at Chickf-fil-a. Clean stores, great customer service, and quality food. Then people will come and everything will take care of itself. It's not rocket science.
but but but the pundits in here say corporate taxes are the lowest ever!!! so if so low why would they move to another country?
How can you blame them or get mad? The entire USA is run by greed and corporations. If there is a way to save money and they have the tax system set up like that you expect them to not use it? Every single one of you would do the same thing. Let's say it was legal for you to get a Canadian PO box and so you didn't have to pay sales tax or property tax or some such, you know you'd be first to sign up.
This country is so screwed though with everyone jumping ship.
No, actually I wouldn't, but the point is not to allow options like that. The corporations getting to get our tax laws screwed up is the problem.
Still, it may be hard to convince diners to change their habits, especially over a wonky tax loophole. Out of 10 people HuffPost spoke with on Monday afternoon at a Burger King in Manhattan, just one had even heard about the chain's possible move. Once the concept was explained to them, all of the customers said that they'd still eat at Burger King even if the restaurant went through with the plan.
Sounds like somebody hasn't learned how to order things Animal Style yet...
Now they are under immense pressure to back out, looks like it might not happen afterall. I was against it until I heard that last year they paid 89 mil on 1.1 bil of revenue... I don't blame them anymore... If people are mad they should direct their anger towards do nothing congress and Obama for making it that way.
umm current administration has little if anything to do with the current cooperate tax situation, its been this way for basically forever