Untitleddocument - Mr Keiter Lower Corporate Taxes In USA...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Mr. Keiter Lower Corporate Taxes In USA As you may know Burger King, t he second largest fast food hamburger chain in the world and the original home of the Whopper is in the process of moving its headquarters to Canada by buying out the cafe & bake shop known as Tim Hortons. This is what is know to as inversion, “the practice by which an American corporation acquires a foreign company and moves its headquarters out of the United States to benefit from lower tax rates abroad.” According to ABC News, the United States Corporate tax rate is an all time high in the world at 35%. Canada’s rates are at 15 percent, hence why multinational companies like BK want to move out of US. President Obama calls them an “unpatriotic loophole” but I call it smart business. Hopefully congress receives a wake up call from this, especially the Democratic party. This is not the first time a multinational corporation did this, “ Eaton, a 101-year-old
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern