What You Need to Know About Burger Kings' Move to Canada.

08/28/14
Business

So the story goes like this...

The fast food chain Burger King is buying Tim Hortons and in doing so, BK will be taking their corporate operations out of the US and into Canada. The MSM says that Burger King is doing this to flee Americas corporate tax rate (which is the highest in the world) and take advantage of the Canadian corporate tax rate which is almost 50% lower.
What Burger King is doing is called Tax Inversion and it is perfectly legal (and is should be). How much money BK will be saving is another question but I doubt it will be billions. I have only eaten at Burger King once in the last 15 years. To be blunt, their food sucks and economically BK shouldn't even be around today if not for a Brazilian private equity firm that saved them from going under.

Here is the deal folks:
America is a horrible, horrible country to be a corporation or manufacturer in. Yea yea, we have tax loop holes and all that stuff that corporations can take advantage of, but ask yourself this question:
If America is such a great country to incorporate and run a manufacturing company in, why did many corporations and manufacturers "sail" over to China and other foreign countries? When GM went under (which was a good thing), an entire city essentially imploded and manufacturers like American Axle gave pink slips to their America works and opened a facility in Mexico. Companies have been leaving America for over 25 years. It's not an Obama thing or a Bush thing, it's a government thing. "It's a government thing" is the answer to every question about why the US economy is in the shitter and why we are almost 20 Trillion dollars in debt with over 100 Trillion dollars in unfunded liabilities.

BIG GOVERNMENT IS BAD FOR BUSINESS. TAXATION(THEFT) IS BAD FOR BUSINESS TOO!!

From Businessweek.com  http://www.businessweek.com/articles/2014-08-26/the-burger-king-tim-hortons-deal-isnt-about-taxes
"Senator Sherrod Brown (D-Ohio) went as far as to propose a boycott. “Burger King’s decision to abandon the U.S. means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he said in a statement." 

Although I don't know who this politician is, he is right and many Americans are probably saying "I already eat at Wendy's." Funny that Sherrod didn't mention McDonald's instead of White Castle (He's a Democrat, go figure). The article goes on to say that Burger King isn't moving because of taxes. Well, I think it is more likely that Burger King isn't moving just because of the boot on their necks that is the IRS. No matter what the Media says, Burger King is moving because it is a decision that is good for the shareholders of BK and for the company that is Burger King.

Most Americas (OWS cough cough) don't get this at all and if they did, they would be boycotting Burger King and every other corporation in America. Businesses do things that are good for them. This is why profit will always come before people because without profit their are no people. The choice Burger King is making will indeed throw many of their USA employees under the bus, but that is the cost of being successful in the global market. BK wants to generate more profits and have less expenses. Taxation is an expense so logically, the less money that you need to give to the taxman, the more money you have to invest in new locations, products and more employees. Employees are expendable and this is business as usual.

I don't know why I even care, I don't eat at Burger King and I never will.

Thanks for reading.