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

Bigfoot 88 said:
I call for abolishing the corporate income tax.

However, I don't like Burger King anyway.
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If corporations are people and can contribute to political parties and such, then they can pay some taxes.
 
tres borrachos said:
You know this country has gone stark raving mad when a sitting US Senator calls for a boycott a business that employs thousands of people and is collaterally responsible for the well being of probably thousands of suppliers to that business.

What a stupid and irresponsible thing for him to do. Proof positive that our politicians are hopelessly clueless.
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I certainly agree with your statement.

Words have consequences, he may have created huge problems for the workers of BK/suppliers who live pay check to pay check. I doubt he even thought of the trickle down effect of what he was saying.
 
Ikari said:
If corporations are people and can contribute to political parties and such, then they can pay some taxes.
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Yes, because corporations don't pay any taxes now.
 
Did he call for one on Apple? GE? Or how about any of the following...

Inversion Year Company Name Type Country Of Incorporation Revenue
1983 McDermott International Engineering Panama $2.7 billion
1994 Helen of Troy Consumer Products Bermuda $1.3 billion (FY 2014)
1996 Triton Energy Oil and Gas Cayman Islands Acq by Hess in '01
1996 Chicago Bridge & Iron (CBI) Engineering Netherlands $11.1 billion
1997 Tyco International Diversified Manufacturer Bermuda $10.6 billion
1997 Santa Fe International Oil and Gas Cayman Islands Acq by Transocean in '07
1998 Fruit of the Loom Apparel Manufacturer Cayman Islands private company
1998 Gold Reserve Mining Bermuda N/A
1998 Playstar Corp. Toys Antigua Acq by Premier Mobile in '06
1999 Transocean Offshore Drilling Cayman Islands $9.4 billion
1999 White Mountain Insurance Insurance Bermuda $2.3 billion
1999 Xoma Corp. Biotech Bermuda $35.5 million
1999 PXRE Group Insurance Bermuda Acq by Argonaut Group in '07
1999 Trenwick Group Insurance Bermuda Acq by LaSalle Re Holdings in '00
2000 Applied Power Engineering Bermuda Now called Actuant $494 million
2000 Everest Reinsurance Insurance Bermuda $5.6 billion
2000 Seagate Technology Data Storage Cayman Islands $14.4 billion
2000 R&B Falcon Drilling Cayman Islands Acq by Transocean in '00
2001 Global Santa Fe Corp. Offshore Drilling Cayman Islands Acq by Transocean in '07
2001 Foster Wheeler Engineering Bermuda $559 million
2001 Accenture Consulting Bermuda $28.6 billion (FY 2013)
2001 Global Marine Engineering Cayman Islands Acq by Bridgehouse Capital in '04
2002 Noble Corp. Offshore Drilling Cayman Islands $4.2 billion
2002 Cooper Industries Electrical Products Bermuda Acq by Eaton in '12
2002 Nabor Industries Oil and Gas Bermuda $1.6 billion
2002 Weatherford International Oil and Gas Bermuda $15.2 billion
2002 Ingersoll-Rand Industrial Manufacturer Bermuda $12.3 billion
2002 PricewaterhouseCoopers Consulting Consulting Bermuda N/A
2002 Herbalife International Nutrition Cayman Islands $4.8 billion (sales)
2005 Luna Gold Corp Mining Canada $85.3 million
2007 Lincoln Gold Group Mining N/A
2007 Western Goldfields Mining N/A Acq by New Gold in '09
2007 Star Maritime Acquisition Grp Shipping N/A Now Star Bulk $69 million
2007 Argonaut Group Insurance Bermuda $1.4 billion
2007 Fluid Media Networks Music Distribution
2008 Tyco Electronics Industrial Manufacturer Switzerland Now TE Connectivity $3.4 billion (FY '13)
2008 Foster Wheeler Engineering Bermuda $3.3 billion
2008 Covidien Healthcare Ireland $10.2 billion
2008 Patch International Inc Oil and Gas Canada
2008 Arcade Acquisition Group Financial
2008 Energy Infrastructure Acquisition Group Energy
2008 Ascend Acquisition Group Electronics N/A Acq by Kitara Media in '13
2008 ENSCO International Oil and Gas United Kingdom $4.9 billion
2009 Tim Hortons Inc Restaurant Chain Canada $3.2 billion
2009 Hungarian Telephone & Cable Corp. Telecommunications Denmark $219 million
2009 Alpha Security Group Security N/A
2009 Alyst Acquisition Group Financial N/A Acq by China Networks Media in '09
2009 2020 ChinaCap Acquirco Financial N/A Acq by Exceed Co. in '09
2009 Ideation Acquisition Grp Private Equity N/A Acq by SearchMedia in '09
2009 InterAmerican Acquisition Grp Business Management N/A Acq by Sing Kung Ltd in '09
2009 Vantage Energy Services Offshore Drilling Cayman Islands $732 million
2009 Plastinum Polymer Tech Corp. Industrial Manufacturer
2010 Valient Biovail Pharmaceuticals Canada $5.7 billion
2010 Pride International Offshore Drilling United Kindom Acq by Ensco in '11
2010 Global Indemnity Insurance Ireland $319 billion
2011 Alkermes, Inc. Biopharmaceutical Ireland $575 million
2011 TE Connectivity Industrial Manufacturer Switzerland $13.3 billion
2011 Pentair Water Filtration Switzerland $7.5 billion
2012 Rowan Companies Oil Well Drilling United Kindom $1.5 billion
2012 AON Insurance United Kindom $11.8 billion
2012 Tronox Inc Chemical Australia $1.9 billion
2012 Jazz Pharmaceuticals / Azur Pharma Pharmaceuticals Ireland $872 million
2012 D.E. Master Blenders Coffee Netherlands $3.5 billion
2012 Stratasys Printer Manufacturer Israel $486.7 million
2012 Eaton/Cooper Power Management Ireland $22 billion
2012 Endo Health Solutions Pharmaceuticals Ireland $2.6 billion
2013 Liberty Global PLC Cable Company United Kindom $17.3 billion
2013 Actavis / Warner Chilcott Pharmaceuticals Ireland $8.7 billion
2013 Perrigo/Elan Pharmaceuticals Ireland $3.5 billion (FY 2013)
2013 Cadence Pharmaceuticals Pharmaceuticals Ireland $110 million
2014 Mallinckrodt Pharmaceuticals Pharmaceuticals Ireland $2.2 billion
2014 Chiquita Brands Produce Ireland $3 billion
2014 Medtronic Pharmaceuticals Ireland $16.5 billion

SOURCE: Source: Ways and Means Committee Democrats. GRAPHIC: Danielle Douglas - The Washington Post. Published Aug. 6, 2014.
 
Moon said:
Yes, because corporations don't pay any taxes now.
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Not sure what your comment is about here. We currently have a corporate tax structure, there are enough loopholes for the big corporations to get around those taxes, but they do exist. My comment was directed at the general statement that there should be no corporate taxes. So....
 
Ikari said:
Not sure what your comment is about here. We currently have a corporate tax structure, there are enough loopholes for the big corporations to get around those taxes, but they do exist. My comment was directed at the general statement that there should be no corporate taxes. So....
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Fair enough.
 
WillyPete said:
I'm talking about the corporation's access to the marketplace (you,) not your individual access to the marketplace.

It seems to me that we are undervaluing the customer's role in this, by allowing Burger King and other to profit in our markets while sidestepping the taxes.

A VAT would address this, by tying the tax to the transactions directly. I'm not saying it's ideal or that's there's no better way, but at least a larger portion of the taxes would be going to the regions that generate the demand.
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A corporation is my property, thus its MY access to the market. What exactly is 'access to a market', being allowed to sell something in a country? Thats my natural born right to liberty. What am I getting from the govt specifically for my business that I havent already paid for with my income taxes?
 
Ikari said:
If corporations are people and can contribute to political parties and such, then they can pay some taxes.
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And they can be jailed for murder too, and get their cars washed, and marry gay people. Yeah, weve heard that argument before. Corporations are exactly like people.
 
Amandi said:
If I have multiple similar products to choose from and I don't like the actions of one of the companies providing those products, I will choose to not buy the product of that company.
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THat wasnt the question though. You implied that you are not going to go there 'anymore' as a result of this action, but then you say there is nothing wrong with this action. So why are you stating your intention to boycott them?
 
I haven't read anything else in the thread, I just came in to say:

While I'm against businesses being allowed loopholes to get out of paying taxes, Burger King's move will not get me to stop eating at Burger King. I'll eat there for the same reason I still eat at Chick-Fil-A. Why? Because it's good (relatively speaking, of course) and I see no reason to deprive myself because I disagree with actions which are legal.
 
I am always boycotting BK, because it's gross. The food is insanely salty. The last time I ate there, I probably drank two gallons of water.
 
mac said:
So, you'd be happier if they said that US corporations pay higher taxes than any other country's corporations? So long as they don't mention the rate...
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Has it escaped you that the rate is rather irrelevant, considering its not what they actually pay.
 
CanadaJohn said:
To be fair, labor laws are also a large incentive for relocation as well as energy costs. There are a multitude of reasons but taxation is a major issue that jurisdictions can readily use to attract business.
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Tried to point that out already.
 
mac said:
Because your point is irrelevant.
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You mean to say that you too think the only reason corporations relocate is for lower taxes? I'm not surprised.
 
Lachean said:
**** him and **** Warren "Raise my taxes" Buffet; that hypocrite.

I don't blame Burger King at all, in fact... though I don't often do fast food. I think I'll go get a whopper, to support another Atlas who has Shrugged.

To all you looters, chasing tax revenue chases it away, stop chasing away companies.
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Did GWB lower corporate taxes?
 
Papa bull said:
I think everyone knows that taxes are subject to deductions and that everyone everywhere pays "the effective tax rate" instead of the statutory tax rate. The fact of the matter is that our tax rate doesn't net out to be a very good deal for business or they'd be relocating here instead of everywhere else.
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That is beside the point that we keep hearing conservatives claim that the US at 35% has the highest tax rate in the world, which is irrelevant sense nobody pays 35%!
 
Phoenix said:
Fox News Link


I am wondering how his constituents that are employed by Burger King feel about this. Way to throw them under the bus Sherrod.
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How about this clown work to change the punitive tax laws and get out of the way so we can grow our economy again.

Tim-
 
jonny5 said:
And they can be jailed for murder too, and get their cars washed, and marry gay people. Yeah, weve heard that argument before. Corporations are exactly like people.
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If the claim is that they are people, then they can pay like people pay. What? You like giving them the convenience of personhood without the bills? If they can influence our government, then they can damned well pay for the maitnance and upkeep on the government. Ain't no such thing as a free lunch "libertarian".
 
Montecresto said:
Has it escaped you that the rate is rather irrelevant, considering its not what they actually pay.
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Obviously though what they pay is STILL more than what they will be paying in Canada.
 
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.
 
PoS said:
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.
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I've heard Tim Horton's is the bomb when is comes to their breakfast items and their coffee is delicious!
 
Papa bull said:
And as for boycotting Burger King..... I don't know how they convince anyone to buy any of their crap in the first place.
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it tastes good when you are hungry.. thats how the do it..
 
jonny5 said:
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?
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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.
 
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