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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 Hari Seldon View Post
    I think we should boycott all the fast food joints. Obesity is at epidemic proportions in the US.
    yes we need a nanny state...

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

    Quote Originally Posted by PoS View Post
    BK isnt moving its HQ to Canada because of taxes since they pay less than 35%, they want to acquire Tim Horton's for its donuts and breakfast stuff so they can compete better. Brown is just another moronic politician who should be booted from office, he doesnt know what the hell he's talking about.

    I've heard Tim Horton's is the bomb when is comes to their breakfast items and their coffee is delicious!

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

    Quote Originally Posted by Papa bull View Post
    And as for boycotting Burger King..... I don't know how they convince anyone to buy any of their crap in the first place.
    it tastes good when you are hungry.. thats how the do it..

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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
    No, a VAT is worse because it applies a hidden tax at every level of production, which makes things more complicated, not less. Furthermore, a company simply passes down any cost, including taxes to the consumer. WHich means there is no purpose in paying taxes for corporations (other than certain fees for specific services). I as an individual already pay for 'access to the market' and services. What more am I getting with any taxes my business might pay?
    A VAT is functionally equivalent (in theory) to a retail sales tax, or at least that is the way VAT's operate in most of the developed world. Producers get a credit for the VAT paid at earlier levels of production/distribution. The only step where there is no credit is the final sale to the non-business consumer, who pays the total VAT accumulated during production and distribution at point of sale.

    The advantages of a VAT to the RST are administrative, and historical. The credit makes it easier to enforce a VAT - there is no advantage to an upstream buyer for downstream producers to evade the VAT because evasion reduces the credit available. Also, the RST has traditionally excluded most services, but the VAT taxes 'value added' which would effectively include all services in the tax base. So the base is broader and enforcement arguably easier, which allows for a lower rate to collect the same revenue

    Two big advantages to a VAT over RST - businesses pay a lot of RST, maybe 40%, depending on the estimate, and exported goods include that imbedded RST in the cost, raising the after tax cost for U.S. made goods. With a VAT, 100% of the tax paid during U.S. production can be rebated at the border and goods exported free of VAT, which should increase the competitiveness of U.S. made goods relative to current law. And VAT is fully assessed on all imports.
    Last edited by JasperL; 08-28-14 at 03:00 PM.

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

    Quote Originally Posted by TheNextEra View Post
    Obviously though what they pay is STILL more than what they will be paying in Canada.
    Well sure, that's been established.
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by JasperL View Post
    A VAT is functionally equivalent (in theory) to a retail sales tax, or at least that is the way VAT's operate in most of the developed world. Producers get a credit for the VAT paid at earlier levels of production/distribution. The only step where there is no credit is the final sale to the non-business consumer, who pays the entire tax at point of sale.

    The advantages of a VAT to the RST are administrative, and historical. The credit makes it easier to enforce a VAT - there is no advantage to an upstream buyer for downstream producers to evade the VAT because evasion reduces the credit available. Also, the RST has traditionally excluded most services, but the VAT taxes 'value added' which would effectively include all services in the tax base. So the base is broader and enforcement arguably easier, which allows for a lower rate to collect the same revenue

    Two big advantages to a VAT over RST - businesses pay a lot of RST, maybe 40%, depending on the estimate, and exported goods include that imbedded RST in the cost, raising the after tax cost for U.S. made goods. With a VAT, 100% of the tax paid during U.S. production can be rebated at the border and goods exported free of VAT, which should increase the competitiveness of U.S. made goods relative to current law. And VAT is fully assessed on all imports.
    VAT's are a bad idea. They lend to inflation, and hit the poor the hardest.

    PORT WASHINGTON, N.Y. (MarketWatch) -- The last thing this economy needs is a value-added tax.

    Let's call a spade a spade. A value-added tax or VAT is a sales tax in disguise.

    It is not a painless way of raising revenue as some would have you believe.

    If anything, a VAT is a painful approach to generating the funds the government needs because of a number of reasons.

    First, like any sales tax, it hits the poor much harder than it does the rich. This is because everyone pays the same percentage tax, but since the poor spend all of their income and then some, their overall tax burden will be higher with a VAT than those who are wealthy and thus don't spend all that they earn.

    Furthermore, in case you haven't thought of it, the imposition of a VAT would have the practical effect of reversing our progressive tax structure -- the holy grail of Democratic administrations since the federal income tax was enacted nearly a century ago.

    Don't fall into the VAT - MarketWatch
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by PoS View Post
    BK isnt moving its HQ to Canada because of taxes since they pay less than 35%, they want to acquire Tim Horton's for its donuts and breakfast stuff so they can compete better. Brown is just another moronic politician who should be booted from office, he doesnt know what the hell he's talking about.
    BK is moving their HQ to Canada for tax reasons, but the reason they are merging with Tim Horton's is because their competitors, like McDonald's, have been moving heavily into the coffee and specialty coffee business and Tim Horton's gives BK immediate and proven entry into that part of the business. Tim Horton's also sees BK as a benefit to them in expanding their brand and reach into other countries they currently aren't in. In the US, Tim Horton's tried to expand but was only really successful in the northern regions bordering Canada but failed miserably when it tried to go up against Duncan Donuts in New England - being aligned with BK may make their entry into other US markets more successful and will help with joint ventures in other countries.
    "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 Fenton View Post
    Well the issue remains and this idiot of a Politician completely missed the point.

    America's High Corporate tax rate is COSTING us revenues......and jobs.
    It's funny how the left wants companies to keep their HQ's here, for the sole reason that they will pay more taxes. Can someone that believes in this tell us what the rational would be to run your business that way?

    And I am sure those people will also be able to come up with many examples where they insist on paying a higher price for something because it will result in paying more taxes.
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    Re: Ohio Sen. Sherrod Brown calls for Burger King boycott over Tim Hortons deal

    Quote Originally Posted by CanadaJohn View Post
    BK is moving their HQ to Canada for tax reasons, but the reason they are merging with Tim Horton's is because their competitors, like McDonald's, have been moving heavily into the coffee and specialty coffee business and Tim Horton's gives BK immediate and proven entry into that part of the business. Tim Horton's also sees BK as a benefit to them in expanding their brand and reach into other countries they currently aren't in. In the US, Tim Horton's tried to expand but was only really successful in the northern regions bordering Canada but failed miserably when it tried to go up against Duncan Donuts in New England - being aligned with BK may make their entry into other US markets more successful and will help with joint ventures in other countries.
    A pretty good summation jcj.
    My wife and I have gone to many a Tim Horton's in our travels together to ME, NH and VT since the 1980's.
    IIRC, they're not just limited to breakfast/coffee etc. either.
    Then there's competition from Friendly's also.

    As for dunkin donuts, my cousins and Aunts/Uncles got me started there back in the 1970's.
    They're even here in my Illinois county.

    Have you been to any Blimpie's?
    They seemed to be in every small town on US 11 from the VT border through the top of NY all the way to Watertown.
    Quite an Amish area on US 11 also .
    Physics is Phun

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

    Quote Originally Posted by Travis007 View Post
    yes we need a nanny state...
    No, we need a non-obesity state.
    Sure would cut down on all the money lost by the federal government with "free" emergency room care .
    Physics is Phun

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