Tax Inversion

Who cares that Burger King is buying Tim Hortons for 11.4 Billion? You should. A lot of people say that it is unpatriotic for Burger King to to try to escape the U.S. Tax Code. First of all, they will still pay U.S. taxes, but they won’t pay nearly as much. Burger King will go from a top 35% tax rate to¬† 15% (26.5% For Ontario). This is a 46.4% reduction.

The most important thing to remember is that it is the CEO and the Board’s primary fiduciary responsibility to make money for their shareholders.

Energy would be better spent to decrease corporate taxes within the U.S. We are the highest in the industrial world. If we would set a flat 15% tax rate, you would see some serious job growth.