Have it your way!

[OldDog]

Actually the effective corporate tax rate in the U.S., which combines national, state, and city-level tax rates, is 39.1 percent—the highest across all 34 Organization for Economic Cooperation and Development (OECD) member countries.

Because, you know, Evil Capitalism.

[Danzig]

Originally Posted by OldDog

Actually the effective corporate tax rate in the U.S., which combines national, state, and city-level tax rates, is 39.1 percent—the highest across all 34 Organization for Economic Cooperation and Development (OECD) member countries.

Because, you know, Evil Capitalism.

but with all the various tax breaks, incentives, write-offs, corporations don't pay that rate.
i find burger king's move disgusting. almost as bad as their food for that matter.

[Danzig]

GAO: U.S. corporations pay average effective tax rate of 12.6%

http://money.cnn.com/2013/07/01/news...rate-tax-rate/

they do need to revamp the corporate tax system, just like the personal...but hell, we all know it won't happen. that would take actual work!

[Rudeboyelvis]

Originally Posted by Danzig

but with all the various tax breaks, incentives, write-offs, corporations don't pay that rate.
i find burger king's move disgusting. almost as bad as their food for that matter.

Apparently the various tax breaks, incentives & write-offs don't equal the benefit of not dealing with them in the first place.

Asking corporations to concern themselves with anything at all other than maximizing profit is LOLOLOLOLOLOLOLOL

I'm sure by the time this administration is done, those "benefits" all go away anyhow. Who do you think is paying for the morass they've created?

[Danzig]

Originally Posted by Rudeboyelvis

Apparently the various tax breaks, incentives & write-offs don't equal the benefit of not dealing with them in the first place.

Asking corporations to concern themselves with anything at all other than maximizing profit is LOLOLOLOLOLOLOLOL

I'm sure by the time this administration is done, those "benefits" all go away anyhow. Who do you think is paying for the morass they've created?

that's true.

[Danzig]

and, just saw this:

http://news.msn.com/us/boehner-repor...version-deal-1

[Danzig]

http://www.slate.com/blogs/moneybox/...dge_taxes.html


But the idea that Burger King won’t really get any tax advantages out of relocating to Canada, where the corporate rate is about 15 percent compared to 35 percent in the U.S., seems transparently untrue. Yes, it will continue paying American corporate rates on its U.S. profits, just like any other foreign company. But Canadian citizenship will likely give it more opportunities to use various accounting and business tricks to shift profits north of the border and out of the reach of the IRS (multinationals with foreign subsidiaries excel at that sort of thing).


Inverting will also leave Burger King more flexibility to move its international profits freely. As conservatives and business groups regularly complain, the U.S. is unusual in that it taxes profits that domestic companies earn abroad. That’s why companies like Apple keep great troves of cash sitting overseas. In moving to Canada, at least in name, Burger King eliminates that problem, which may be especially important since its growth plans are focused on the international markets.

[OldDog]

Originally Posted by Danzig

and, just saw this:

http://news.msn.com/us/boehner-repor...version-deal-1

"Obama has railed against this inversion maneuver as unpatriotic – the equivalent of a corporation renouncing its U.S. citizenship..."

How can a corporation be patriotic or unpatriotic? It's not like they're people, right?

[jms62]

Originally Posted by OldDog

"Obama has railed against this inversion maneuver as unpatriotic – the equivalent of a corporation renouncing its U.S. citizenship..."

How can a corporation be patriotic or unpatriotic? It's not like they're people, right?

Only when it suits their purpose Dog.

http://www.demos.org/publication/10-...gers-democracy

[Danzig]

Originally Posted by OldDog

"Obama has railed against this inversion maneuver as unpatriotic – the equivalent of a corporation renouncing its U.S. citizenship..."

How can a corporation be patriotic or unpatriotic? It's not like they're people, right?

hey, they have freedom of speech and religion, so........

[dellinger63]

Since there is no Mr. and Mrs. Burger King; blame should be pointed at the evil shareholders, not the little guy with 50 shares but huge greedy funds.

Funds like Teachers Advisors Inc., College Retirement Equities Fund Stock Account and College Retirement Equities Fund Global Equities Fund, (ALL THREE among BKW's largest shareholders) who use funds furnished, actually extorted from the little guy, the guy with 50 shares in the form of inflated property taxes.

Those damn public sector teachers and their inflated pensions.

Hell let's just pretend there's a Mr. Henry F. Potter and he owns Burger King...

Wonder how much tax money Burger King provides in the form of sales tax selling their borderline edible foods? And come to think of it, payroll tax, property taxes, business licensing etc.?

[OldDog]

Originally Posted by dellinger63

Since there is no Mr. and Mrs. Burger King; blame should be pointed at the evil shareholders, not the little guy with 50 shares but huge greedy funds.

Funds like Teachers Advisors Inc., College Retirement Equities Fund Stock Account and College Retirement Equities Fund Global Equities Fund, (ALL THREE among BKW's largest shareholders)

BKW rose 19.5% in session. Quick! Divest!

By the way, Warren Buffett's Berkshire Hathaway's investment will earn 9%, a tidy $270M. Imagine the howls if Romney had engineered this.