Burger King ‘Inversion’ Allows It to Profit Off Public, Dodge Taxes, say Critics

Fast food giant to acquire Tim Hortons, reap benefits of tax loophole by Andrea Germanos – Critics are slamming Burger King Worldwide Inc.’s announcement it is buying Canadian food chain Tim Hortons Inc. and moving its headquarters to Canada as a tax-dodging move enabled by a tax code that “treats corporations better than people.”The tax loophole at issue is called a “corporate inversion.” As Dave Johnson explains at Campaign for America’s Future blog, it is when a US company buys or merges with a non-US company, and then pretends it is no longer a US company. Today it’s Burger King. Not long ago it was Walgreens. Even though an inverted company has renounced its US citizenship, the company keeps the same executives, the same stores or facilities, the same employees, and the same customers — right here in the US. The only things that changes is the company sheds certain...

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