BURGER KING moving to Canada. Would the last company to leave the U.S. PLEASE turn out the lights! Burger King is in negotiations to buy Tim Horton’s in hopes of creating a new, publicly traded company with its headquarters in Canada. Its only purpose in doing this is to create what is popularly being called a “tax inversion” by many media sources; which so far legally allows them to avoid paying U.S. Taxes by simply relocating their headquarters to a more tax friendly country. Therefore I am going to legally avoid Burger King. I just bought the LAST whopper I will ever buy. I do not support unpatriotic tax cowards who commit corporate treason against the U.S., its economy and its people. PLEASE read an earlier posting of mine called “The Labor Shift in America” Opinion by: Dave Cleveland 7/24/2014. It relates DIRECTLY to this Burger King move to Canada I wonder. . . What do my Facebook friends think of this tactic? This Opinion by Dave Cleveland =============================================== The Associated Press – By CANDICE CHOI - Associated Press 33 minutes ago 8/25/2014 NEW YORK (AP) — Some Burger King customers are finding it hard to swallow that the home of the Whopper could move to Canada. Investors seemed to welcome the announcement by Burger King late Sunday that it was in talks to buy Canadian coffee-and-doughnut chain Tim Horton’s and create the worlds third-largest fast-food restaurant company. The news pushed shares of both companies up more than 20 percent. But customers were already voicing their discontent with the 60-year-old hamburger chain because of its plans to relocate its corporate headquarters to Canada in a deal that could lower its taxes. By Monday afternoon, Burger Kings Facebook page had more than 1,000 mostly negative comments about the potential deal. Shawn Simpson, who hadnt heard of the talks until approached by a reporter while he was at a Burger King in New York City on Monday afternoon, said he didnt like the idea of the company paying its taxes to another country. For them to take their headquarters and move it across the border is a negative for me, said Simpson, 44, who was ordering a Double Whopper and onion rings. Its an American brand. A representative for Burger King, Miguel Piedra, said while the headquarters of the new company would be in Canada, Burger King would still continue to be run out of Miami. Piedra also said the comments on Burger Kings Facebook page represent a small fraction of the companys more than 7 million followers on the social media site. Burger King isnt the first company to face fallout over what has recently been called “a tax inversion”, which is when a company acquires a business in another country, then relocates its headquarters there. Big U.S. companies, including pharmaceutical AbbiVie and Valeant Pharmaceuticals, recently have pursued tax inversions to cut their costs. Earlier this month, Walgreen abandoned plans to pursue a tax inversion after negative publicity about the planned move.
Posted on: Mon, 25 Aug 2014 21:58:26 +0000