I guess BurgerKing isn't moving after all

[onethatcares]

they replied to a "I will boycott your products" email saying they are staying in the U.S. of A. keeping Miami FLa as their hq and they would pay all their federal, local, state taxes as loyal corporate citizens.

Now, who am I to believe?

[Iggo]

1. I'll wait 'til I hear it from them.

For now, I'll boycott their products.

[unblock]

2. my understanding was this was about moving "intellectual property" to canada

i.e., they would transfer the ownership of the "burger king" name to a canadian entity, then the u.s. entity would pay a very expensive licensing fee to that canadian entity for use of the "burger king" name.

so yeah, they would pay taxes here in the u.s., but only after having transferred the vast majority of all their profits to canada.

[FSogol]

3. Their HQ doesn't have to move for the Tax Inversion scheme.

Notice they didn't say loyal US citizens", they said "loyal corporate citizens." Write them back and tell them you won't buy burgers in the US from foreign owed companies, but will visit them the next time you are in Canada.

Tax inversion is a scheme to shift tax liability to a country with a lower corporate tax rate. They'll still pay state and local sales tax and some Federal tax.

[brucefan]

4. I'll continue my boycott

Now I haven't been there in 25 years but I'll continue not going

[applegrove]

5. It is the international profits that will pay taxes at the Canadian rate.

I think.