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re: Burger King saves shareholders $1.2 Billion: It's Now a Canadian Company
Posted on 12/16/14 at 9:00 am to lsu13lsu
Posted on 12/16/14 at 9:00 am to lsu13lsu
agrred. I would be more disappointed in BK if they didn't make the smart financial move to get out of the US. This shows me that they are willing to do what it takes to survive/thrive in this economy. Trust me, its not like they were going to get a gubment handout like GM when people stopped buying their food.
0
Posted on 12/16/14 at 9:55 am to Erin Go Bragh
quote:
Would be great if they send a truckload of Canadians across the border to man BK counters. That would be a positive improvement.
If we could replace all fast food workers with friendly Canadians, I'd be willing to pay 25% more.
Posted on 12/16/14 at 10:04 am to Mizz-SEC
quote:
But they are going to pay less taxes
Some people's thought process is just out there in left field.
Posted on 12/16/14 at 10:30 am to Mizz-SEC
quote:Yes, if they were headquartered in the United States they would have to pay 35% U.S. income tax on their income derived from foreign operations. Headquartering in Canada allows them to pay tax at a lower rate on income derived from operations outside the U.S. The estimated savings is $1.2 billion.
But they are going to pay less taxes being headquartered in another country, correct?
Posted on 12/16/14 at 10:53 am to ShortyRob
quote:No no. . .it has to be lack of patriotism at fault here.
If your policies are running off people, MAYBE, just MAYBE, it's YOUR frickING POLICIES that are the problem!!!
Never question the policies. They, like cost-benefit analysis of any entitlement program, are beyond objective discussion/review.
Posted on 12/16/14 at 11:55 am to Roaad
maybe it's the case of a Corporation saving money off the backs of Americans who pay taxes. Will this result in lower prices for their crap food? yeah right
I do like the Italian Chicken sandwich
I do like the Italian Chicken sandwich
Posted on 12/16/14 at 12:53 pm to JEAUXBLEAUX
quote:LOL. A company in America would be hard pressed to find a Western nation that did NOT have a better corporate tax environment than we currently have and most of those nations are not exactly bastions of libertarian ism
maybe it's the case of a Corporation saving money off the backs of Americans who pay taxes
quote:Well of course you're right. Everyone knows that how much a company pays in taxes has no bearing on its cost and pricing structure. Anyone who can read a balance sheet knows that.............oh.......wait...........no.....only business morons think that. Congrats
Will this result in lower prices for their crap food? yeah right
Posted on 12/16/14 at 1:31 pm to Puck82
Does this mean they're going to serve awesome coffee, or is it still going to be the crappy Burger King stuff.
Posted on 12/16/14 at 1:37 pm to NC_Tigah
Everyone knoww Canadians can't chargrill a burger properly.
Posted on 12/16/14 at 2:13 pm to JEAUXBLEAUX
quote:I pay taxes. A lot of taxes. How much willy tax bill go down of BK is forced to stay HQ'ed in the US? Specifically, what tax would be repealed or reduced? And how much?
maybe it's the case of a Corporation saving money off the backs of Americans who pay taxes
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