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

  1. #181
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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
    Once again, the STATUTORY corporate tax-rate is the highest in the world. The amount of taxes, after deductions and credits, is not. (see: GAO: Effective Tax Rates Can Differ Significantly from the Statutory Rate) In fact, many profitable corporations pay no taxes.

    What BK is doing is taking advantage of a tax loophole that allows for changing a corporate address without changing operations, as a way of avoiding taxes. Thus, a change in the tax code is warranted -- taxing profits where they are earned, regardless of where the corporate headquarters is located.
    Profits are already taxed where they are earned. BK will still pay US income taxes on profits they make in the US after they move their HQ to Canada. The US, however, will no longer have the right to expect BK to pay US income taxes on worldwide profits. Income taxes on worldwide profits will be paid to Canada instead after the money is repatriated ... to Canada. In a sense this will not be a change in what BK is doing since they are already holding a lot of cash in foreign banks that they refuse to repatriate to the US because of the high taxes. A number of other multinational corporations based in the US are doing the same thing. Apple comes to mind.

    Perhaps you mean to say that BK should continue to pay income taxes on worldwide profits to the US after it moves to Canada. I can assure you that neither Canada nor any other foreign nation would stand for that, and there are many many companies that currently operate in the US that would cease their operations here if the US were to adopt such an insane policy.

    "The urge to save humanity is almost always a false front for the urge to rule." --HL Mencken

  2. #182
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by j-mac View Post
    1. So you want an authoritarian to tell you how to live. Not me. I prefer freedom.

    2. NYC has seen more wealth flee the city than ever. It's only the poor that have to suffer there.

    3. & 4. Healthcare is not a right.
    1. You are too funny. I think Bloomberg did a fine job. He's pro business, I thought the right liked that. He also tried to deal with obesity. He may have been wrong and it probably didn't accomplish much but at least he highlighted the problem. Tell what "freedoms" were denied to New Yorkers under his administration other than mega big gulps? Authoritarian rule? Please. Try living in the Middle East.

    2. You have no idea what you are talking about. New high rises are going up all the time. They are required to have some low income housing but the rest is for the wealthy. Times square is now a tourists paradise, most of the peep shows and dilapidated buildings are gone. Housing prices are increasing throughout all the boroughs. If anything the poor are being pushed out of the city. (Much of this under Bloomberg) The latest are tech companies. They are popping up in NYC left and right.

    3., 4. Until you are prepared to keep people from entering an emergency room unless they can pay or have proper insurance it sure is a right in the US. At least economically. I disagree in principal and freely admit I believe its a right. As long as we are required to continue to treat everyone it makes much more economic sense (and I would argue moral) to have everyone be insured and prevent illnesses from becoming much more expensive ailments.
    Never let your sense of morals get in the way of doing what's right.
    Isaac Asimov

  3. #183
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Turned down a free lunch a BK yesterday,

    Thanks for the heads up aye.
    Quote Originally Posted by Lutherf View Post
    There were, by most estimates, 500 Nazis in Charlottesville. One of them went homicidal. Not all Nazis are violent extremists. You are trying to rationalize your hatred and it's simply not rational.
    Quote Originally Posted by TurtleDude View Post
    as I noted, its better that 10 nutjobs get guns than one good person be wrongly disarmed.

  4. #184
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by AliHajiSheik View Post
    My understanding is that profits are taxed where they are earned, but in the US, we tax repatriated profits that were already taxed in other countries. This is why so much profits are still sitting offshore thereby avoiding the double taxation. Are you aware of anything that indicates that this isn't the case today?
    Yes. Most nations tax the overseas profits of all corporations that are incorporated in their borders. I've already posted the link twice.
    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..

  5. #185
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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
    Yes. Most nations tax the overseas profits of all corporations that are incorporated in their borders. I've already posted the link twice.
    I extended you the courtesy to go back through this entire thread. Alas, there are no such links from you.

  6. #186
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by AliHajiSheik View Post
    I extended you the courtesy to go back through this entire thread. Alas, there are no such links from you.
    YOu know, I might be mistaken. I might have posted them in the other thread about this topic, so here it is, just for you (because you asked so nicely)

    International taxation - Wikipedia, the free encyclopedia

    Look at the table
    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..

  7. #187
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by Ikari View Post
    Take it up with the government. Corporations are taxed.
    Did someone deny that? I made no such claim that they cant be taxed. I took issue with your claiming that they should be taxed because they are people.
    Last edited by jonny5; 08-30-14 at 10:25 AM.

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

    Quote Originally Posted by mac View Post
    Wikpedia is not a law, and It doesnt. Did you read it?

    This doctrine forms the basis for legal recognition that corporations, as groups of people, may hold and exercise certain rights under the common law and the U.S. Constitution. For example, corporations may contract with other parties and sue or be sued in court in the same way as natural persons or unincorporated associations of persons. The doctrine does not hold that corporations are flesh and blood "people" apart from their shareholders, executives, and managers, nor does it grant to corporations all of the rights of citizens.

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

    Quote Originally Posted by Helix View Post
    incorrect; i think it's poor policy, given the competition from other nations. personally, i'd support cutting it down really low, collecting it from every corporation, and increase revenue by taxing individuals instead of corporations. for example, i support taxing all individual income as income above a cap, including investment income.




    it's slimy because they are using a bunch of loopholes to duck out of taxes when the little guy can't afford to do that and has to pay it. Apple doing its little pretend corporation scam to avoid taxes is slimy, too.
    The little guy would do it if he could, which means everyone is slimy. Which means no one is.

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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
    Wikpedia is not a law, and It doesnt. Did you read it?

    [/B]
    Who said they were "flesh and blood people"?
    ”People willing to trade their freedom for temporary security deserve neither and will lose both.” --- Ben Franklin

    Quote Originally Posted by The German View Post
    Sterotypes are mostly based on truths.

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