Burger King purchased Tim Horton's, a Canadian donut chain primarily known in the United States because it buys ad space on rink boards along hockey arenas. BK will also utilize an inversion--moving its headquarters to Canada so it can drastically cut its corporate tax rate.
The United States has the world's highest corporate taxes. President Obama and the Democratic Party stubbornly refuse to even consider corporate tax reform.
Another iconic American brand, Chiquita, could move its headquarters to Ireland under similar circumstances.
Who will be next?
No comments:
Post a Comment