Burger King to buy Tim Hortons

If an American citizen moves overseas he/she is still liable for US taxes on their global earnings. When a US corporation moves overseas, as in this case, they escape US taxes on overseas earnings. This discrepancy should be fixed.

Tim Horton was a Candian hockey player who played in the US and one of the main reasons why was that when he played, the tax rate was much better for him as an individual than in Canada. Now I guess the tides have turned. Burger King will go from paying a total of about 40% in corporate (Fed/State/Local) to 26% taxes. So right off the bat they will show at 14% profit to the share holders.

Before everyone gets on the "just another bunch of greedy Republicans and 1%er's" not paying their "fair share" of taxes, keep in mind who is helping to fund this deal. None other than Warren Buffet (his company Berkshire Hathaway). The main who complained that he was not "taxed enough" and it is not fair that his secretary has a higher tax rate than he does. I guess the bottom line for him is the "bottom line" and do as I say, not as I do.

Wasn't it Warren Buffet who said that reputation is the most important thing in business? I guess it doesn't matter to him really.

How about the US lowering it's tax rates on all and maybe companies won't leave.

If an American citizen moves overseas he/she is still liable for US taxes on their global earnings. When a US corporation moves overseas, as in this case, they escape US taxes on overseas earnings. This discrepancy should be fixed.

People have citizenship, companies don't. If an 'American' company moves overseas, it is no longer an American company. That said, I agree, the discrepancy does need fixing. America should stop taxing its overseas residents, the whole concept is ridiculous. It's taxation without representation.

Not a fan of their coffee, but I wouldn't mind getting Tim Hortons donuts here in Japan, especially rum balls. It would sure beat the sugary burp inducing Krispy Kreme donuts and the tastesless and dry Mr. Donuts.

Until Americans come to the realisation that the problem here is the entire non-territorial tax system (and very little to do with the rate of tax), the corporate exodus will continue. Unfortunately there is only misguided talk of reducing corporate tax rates, 'patriotism' and 'tax evaision' so far.