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Thread: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

  1. #141
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    So you think it's fine that you now have to make up the taxes that BK avoids? How civic-minded of you.
    No, I don't support intentionally trying to financially hurt innocent people. Apparently you think it's good.

    How liberal of you.

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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    So you think it's fine that you now have to make up the taxes that BK avoids? How civic-minded of you.
    They're not even avoiding them anymore. They've created an entity whose foreign earnings just aren't subject to US taxation based on jurisdiction alone. BK's operations in the US will still be subject to tax.

    Does Toyota Japan avoid US taxation by doing business in Australia or India?

    These multinational corporations aren't actually monolithic entities, there is a US Corporation and then foreign subsidiaries which themselves are there own separate corporation. You can personally avoid taxes on dividends by having a corporation right here in the US simply not pay them. The US C Corps who own shares in foreign corporations sufficient to control them are doing exactly that, they're simply not repatriating the profits and there's over a trillion dollars over there and in the case of BK they're not going to allow earnings from India or Australia to be taxed by the US Government, so they moved. <---that's beyond mere avoidance, ie. if I don't buy something in NJ because of sales tax, I'm avoiding the sales tax, if I move out of state, in a very broad sense I'm avoiding NJ taxation, but that's not really what avoidance is about.

    The C-Corporation is the single worst tax structure to be in in the US and internationally its taxed by the US government in a way that gives a strong disincentive to ensure that the US C-Corp will not be the 'hub' of a multinational corporation.

  3. #143
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    So you think it's fine that you now have to make up the taxes that BK avoids? How civic-minded of you.
    You have to understand that it is a CEO's responsibility to reduce tax payments if possible. It is part of his job and duty to the shareholders. The U.S. is in competition with other countries economically. It always has been. So it needs to understand that the high corporate tax rate (which is eventually paid by you and me anyway) will cause some companies to move. Quite a few companies have left California for states with lower taxes as well.

    The government needs to decide what pays better - higher corporate taxes and fewer companies to pay them or vice versa. It is a classic business decision. Boycotts won't change it. If the government wants to reduce inversion then it needs to have a competitive tax rate for businesses. Pretty simple.

  4. #144
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by tres borrachos View Post
    No, I don't support intentionally trying to financially hurt innocent people. Apparently you think it's good.

    How liberal of you.
    Then why did you hurt the innocent people who sell the food you would normally feed the kids with?
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by newpublius View Post

    The C-Corporation is the single worst tax structure to be in in the US and internationally its taxed by the US government in a way that gives a strong disincentive to ensure that the US C-Corp will not be the 'hub' of a multinational corporation.
    I believe it is the best option for companies with less than $70K in net profit.

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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by fmw View Post
    You have to understand that it is a CEO's responsibility to reduce tax payments if possible. It is part of his job and duty to the shareholders. The U.S. is in competition with other countries economically. It always has been. So it needs to understand that the high corporate tax rate (which is eventually paid by you and me anyway) will cause some companies to move. Quite a few companies have left California for states with lower taxes as well.

    The government needs to decide what pays better - higher corporate taxes and fewer companies to pay them or vice versa. It is a classic business decision. Boycotts won't change it. If the government wants to reduce inversion then it needs to have a competitive tax rate for businesses. Pretty simple.
    While it may be the CEO's responsibility to reduce tax payments, it's is not our responsibility to enable them by frequenting BK more, as a reward for moving their HQ abroad, as tres borrachos did.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  7. #147
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    While it may be the CEO's responsibility to reduce tax payments, it's is not our responsibility to enable them by frequenting BK more, as a reward for moving their HQ abroad, as tres borrachos did.
    I support the companies that support each individual Burger King. You know, like the cleaning companies who rely on that income, and the landscapers who mow the lawns and plow the driveways. Let's just let BK go out of business. That'll show them! And how neat it will be to have all the BK employees and all the suppliers to BK to go belly up, and then we can have more people on welfare. Perfect!

    That's a great plan you got there, MTA.

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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    While it may be the CEO's responsibility to reduce tax payments, it's is not our responsibility to enable them by frequenting BK more, as a reward for moving their HQ abroad, as tres borrachos did.
    Of course, you have the right to eat wherever you like. My point was that a boycott won't change anything. An adjustment in tax rate will.

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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by fmw View Post
    I believe it is the best option for companies with less than $70K in net profit.
    Not really relevant for a multinational corporation of course, but at that level you are unequivocally better off in a sole proprietorship/partnership, LLC or S Corp. As a lawyer, I naturally wouldn't recommend the sole proprietorship/partnership, but a C-Corp for a startup is basic masochism. You really shouldn't be doing it unless you're raising money from the public and are forced to.

  10. #150
    Educator newpublius's Avatar
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by MTAtech View Post
    While it may be the CEO's responsibility to reduce tax payments, it's is not our responsibility to enable them by frequenting BK more, as a reward for moving their HQ abroad, as tres borrachos did.
    Nobody is saying you have to eat there of course, you created a tax policy and sure enough, yet again, its proven that taxes have consequences. If I purposefully avail myself of NJ's jurisdiction, its fair that I pay taxes here, but with respect to BK's foreign operations, those foreign operations are not availing themselves of the protections of the US government, they pay taxes there, and when avoidance is cost free to the tax payer (the difference is semantic in the form of the organization), then they will almost invariably do it. BK will still need to pay taxes here based on its operations here. It could avoid that by not doing business here, but then its giving up doing business here. BK can 'avoid' the US tax on foreign earnings without having to give up doing business in that foreign jurisdiction.

    The US is one of the few countries that thinks there is equity in taxing worldwide earnings.

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