Burger King has agreed to purchase Tim Hortons, a Canadian food service chain, and has re-ignited the debate over "tax inversions." If Burger King gets its way, it will relocate its global headquarters to Canada for tax reasons.
How much is $100 dollars worth?
It looks like “the corner of happy and healthy” will remain right here in the good ol’ U.S. of A.
New York doth tax too much.
Monday, I reported that yet another American corporation, Medtronic, has chosen to move its headquarters abroad to avoid high tax rates. I ended the article by inquiring, “There is no denying that our federal tax code needs a major overhaul. The million dollar question is how?” Rep. Dave Camp (R-MI), Chairman of the Ways and Means Committee, has proposed a solution.