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Isn't Burger King still paying taxes on what their companies earn in the US when they relocate their headquarters to Canada?
Post #7
Isn't Burger King still paying taxes on what their companies earn in the US when they relocate their headquarters to Canada?
Of course, because no companey or indivigual should be taxed more than 10% of their grose income anyway. The way I see it Uncle Same owes BK a 2.6% refund, with interest, and a public apology.There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
You poor thing, you don't know what a dictionary is.Yea, define "maximize".
You poor thing, you don't know what a dictionary is.
Yes, they should be allowed to do business in the USA unless you want the thousands of jobs they provide to go away.
I think you meant to say "Bookmarked", assuming you're wise and using Google Chrome. Or "Favorites" if not. Anyway you should be 'noting' or Bookmarking the dictionary, not my posts. Your fandom flatters me.Your contribution is duly noted.
I think you meant to say "Bookmarked", assuming you're wise and using Google Chrome. Or "Favorites" if not. Anyway you should be 'noting' or Bookmarking the dictionary, not my posts. Your fandom flatters me.
There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
I here to help.Thanks for the advice. I will get right on that. Thanks again.
I here to help.
But no more than what US taxes should be, which is 10% of income with no exeptions or exemptions of any kind. Any amount paid over that 10% is due back to the buisness with interest.Any company doing business in the US pays US taxes.
What's sad is there seems to be those of a certain *cough*Tea-Party*cough* mindset that seem to think that it's patriotic to avoid paying taxes.
There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
Retail doesn't create jobs. If Burger King disappeared tomorrow no money or jobs would be lost.
Stupid to think otherwise.
There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
Burger King will still be paying US taxes on income earned in the US. For some reason, our government seems to think that if you have your corporate headquarters in the US ALL income, whether earned in Canada, France, or China, is taxed in the US. Most other countries only tax a corporation on income earned in that country. Why should BK pay US corporate tax on all their income worldwide as well as Canadian corporate taxes on income earned in Canada?
That's one of the dumbest things I have ever heard. Not only would the clerk behind the counter would lose their job but you have beef producers, truck drives, and farmers that employed losing their jobs.
There is a big controversy lately with Burger King seeming to avoid taxes in the US lately. Our "official corporate tax rate" is 35% however BK paid around 26-27%. In the US the effective corporate tax rate was however 12.6% in the US. My question is: "Should Companies That Avoid Taxes in USA Be Allowed to do Business in the USA?"
I invest my money with a company .... that company has a responsibility to MAXIMIZE my investment.
Any other questions?
Avoidance is legal and you can't blame entities for trying to minimize their bill. Evasion is illegal and should be punished. The rich love those swiss banks. You could lower the rate but eliminate all the loop holes and actually create more revenue. But it would never pass as too many politicians benefit from a variety of these loopholes. Beside the Repugs in congress are incapable of doing anything other than voting to repeal the ACA or filibustering.
No Mark Levin does not call that crony capitalism. What Mark Levin calls corporate cronyism is corporations that are in bed with government and get government set asides handouts and regulations that eliminate competition. It is the companies fiduciary duty to provide a return on investment to the investors of the company.
I think you meant to say "Bookmarked", assuming you're wise and using Google Chrome. Or "Favorites" if not. Anyway you should be 'noting' or Bookmarking the dictionary, not my posts. Your fandom flatters me.
Because the left thinks it should be able to steal as much as possible to give to their voting demographics in the form of "entitlements".
Retail doesn't create jobs. If Burger King disappeared tomorrow no money or jobs would be lost.
Stupid to think otherwise.
That's one of the dumbest things I have ever heard. Not only would the clerk behind the counter would lose their job but you have beef producers, truck drives, and farmers that employed losing their jobs.