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

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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
    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.
    Not going to doesn't reduce the aggregate demand for food. It just shifts it to other places which would have to hire more workers to deal with the increased demand.
    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..

  2. #152
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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.
    Taxes are a part of the profit and loss of any company. All of the expenses, taxes included, are built in to the operation and the prices it charges for its products or services. What that means is that end uses end up paying all the corporate taxes in the end. I'm amazed liberals sit still for corporate taxes because they are regressive. I believe it comes from a hatred of business rather than smart tax policy.

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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
    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.
    Most nations tax the overseas profits of corps that are incorporated in the borders.
    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..

  4. #154
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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 are aware that Burger King is a publicly traded company that is about 70% owned by a South American company and generates more than 50% of its profits outside of the USA. I'd say they've been pretty good corporate citizens these past years being headquartered within the US and paying excess taxes. Now that the combined interests of Burger King and Tim Horton's are going to be even more non-USA owned, you want them to remain headquartered in the US and paying excess taxes on Tim Horton's profits which are overwhelmingly Canadian raised?
    "Liberals claim to want to give a hearing to other views, but then are shocked and offended to discover that there are other views." William F. Buckley Jr.

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

    Quote Originally Posted by sangha View Post
    Most nations tax the overseas profits of corps that are incorporated in the borders.
    I mean, the basic problem at issue, irrespective of the national border is why should one corporation ever own a second corporation? If the first corporation earns money and gets taxed on it and pays a dividend to the second corporation, which then pays tax on it, and then pays out dividends to the shareholders, you can quickly see how this turns into the triple taxation regime. In enters the dividend received deduction which isn't complete, depending on the level of ownership of the second corporation.

  6. #156
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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
    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.
    Taxes aren't the only reason for choosing C status.

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

    Ruined a perfectly good soccer practice.
    Never let your sense of morals get in the way of doing what's right.
    Isaac Asimov

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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
    I mean, the basic problem at issue, irrespective of the national border is why should one corporation ever own a second corporation? If the first corporation earns money and gets taxed on it and pays a dividend to the second corporation, which then pays tax on it, and then pays out dividends to the shareholders, you can quickly see how this turns into the triple taxation regime. In enters the dividend received deduction which isn't complete, depending on the level of ownership of the second corporation.
    As far as repeated taxation, that is nothing new. Taxing money whenever it changes hands is not at all unusual

    However, I think you're on to something when you talk about one corp owning another. After all, people can't own another person, right?

    Basically, the problem boils down to the nature of corporate existence (ie it's a legal entity) and non-corporeality. Corporations don't "really" exist so they have no true residency. Their residency is a matter of law, not location. So, in the absence of a global tax code (which is unrealistic and unwanted) how do you tax that?
    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 jonny5 View Post
    Those monies are owned by people. Corporations are run by people.
    Yes, and how many ask the stock holders if it's OK to use their money for political means? If an individual uses their personal funds to do ate, that's one thing. When it's a board of directors talking about how to use other people's money for political means, it's another. Corporations can pay for their access, there's no such thing as a free lunch.
    You know the time is right to take control, we gotta take offense against the status quo

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

    Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal
    i'm not much into boycotts. that being said, the headquartering scam is really slimy. corporations that do this should have their products tariffed.

    i am for lowering the corporate tax rate significantly, though, and collecting it from everyone, not just the little guys.

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