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re: How Burger King pleases the 1 percent, screws its workers

Posted on 12/27/14 at 3:52 pm to
Posted by BBONDS25
Member since Mar 2008
48743 posts
Posted on 12/27/14 at 3:52 pm to
Is there some belief out there that the revenues generated inside of the us will not be subject to us taxes?
Posted by tigers win2
Baton Rouge
Member since Oct 2009
3840 posts
Posted on 12/27/14 at 4:01 pm to


quote:

Is there some belief out there that the revenues generated inside of the us will not be subject to us taxes?


The strategy is called an Inversion. Overview below.

quote:

Tax inversion, or corporate inversion, is a largely American term for the relocation of a corporation's headquarters to a lower-tax nation, or corporate haven, usually while retaining its material operations in its higher-tax country of origin.[1][2] The term is most frequently used in relation to US corporations.[citation needed] Corporate inversions are a relatively recent phenomenon. Although it is difficult to be definitive, the practice first became prevalent in the 1990s, with US corporations seeking to relocate to tax havens such as Bermuda;[3] more recently, because of changes in US law, publicity has focused upon corporate inversions conducted by way of merger with companies in lower-tax foreign countries. The issue was first subjected to a great deal of publicity in April 2014 by the proposed merger between Pfizer and AstraZeneca.[4][5] While large multinational public companies have received most of the recent press coverage on corporate inversions, middle-market companies and private
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