Words from the web
Burger King has announced it’s merging with the Canada-based Tim Hortons restaurant chain. The deal will allow Burger King to move its headquarters to Canada, where corporate taxes are lower. A number of other companies have made similar moves recently. Some claim that Burger King is simply trying to avoid paying its fair share of taxes and are threatening to boycott the restaurant. Others say that Burger King had no other options and is just doing what’s prudent business-wise. What do you think? Are you planning to boycott Burger King? Or do you think all the criticism is way overblown?
“How many Redneck-Americans say, “If you don’t like it, leave,” all of the time? Now they are getting what they wanted.”
“First off, Burger King is not a U.S. company. They are 70 percent owned by a Brazilian group. They are no different then Nestle or BP or Chysler. Second, a board of directors has a fiduciary (that means legally bound) to provide the best return for their stockholders. If not, they go to jail. Can you say Enron or WorldCom. And third, taxes are embedded in the price consumers pay for their products.”
“I’m going to get a Whopper today. Our government, and its high taxes have caused companies to move.”
“People start companies to make a profit and those companies are set up and run to maximize those profits. This is a free country, so if you don’t like what they are doing don’t eat there. If their employees don’t like their pay, go work somewhere else. Stop blaming everyone else for your problems.”
“So are we also boycotting businesses that assemble their products overseas to save money? Do we boycott companies that buy their products from other countries? If we are going to be this hypocritical, you won’t be left with many shopping options.”
“Good business move on there part if it allows them to stay a viable entity in such a competitive market, then kudos to Burger King.”
“Any boycotting will come from people who, I’m sure, don’t even consume their product to begin with.”
“We should all be boycotting the US government. They are the ones responsible for so many companies leaving. Our corporate tax rates are the highest in the world.”
“Consider that the corporate tax rate for BK here is 27.5 percent and in Canada it will be 27 percent minus the obscene loopholes that I’m sure BK exploits here. Stop with the blaming the “unfair” tax burden.”