So this is happening:
Burger King may be the home of the Whopper, but Canada may be the new home of Burger King.
The restaurant operator said on Sunday that it was in talks to buy Tim Hortons, the Canadian doughnut-and-coffee chain, in a potential deal that would create one of the world’s biggest fast-food businesses.
If completed, the deal would mean Burger King’s corporate headquarters would move to Canada, raising the specter of yet another American company switching its national citizenship to lower its tax bill.
As you can image, the Left Wing is going apeshit, accusing Burger King of being unpatriotic and putting shareholders in front of communities, people, employees, the environment, the cosmos, God, king and country.
But Burger King is hardly the only company contemplating this kind of tax inversion. Numerous companies have over $2 trillion overseas that they won’t repatriate because our government, rather uniquely, double taxes overseas earnings. We also have an unholy mess of a corporate tax system which has a nominally high rate but many loopholes. The system is so bad that Canada — with all its maple syrup, hockey and French — is now considered a tax haven.
(Also note that this move would just change Burger King’s tax burden. It won’t change anything else like how many people they employ or what they pay them. So the supposed “betrayal” is simply a lowering of their tax burden. To BK’s critics, a company’s primary patriotic duty is apparently to pay as much in taxes as possible.)
But it’s much more fun to gnash your teeth about the evil machinations of a big corporation that to, you know, work the problem that Republicans have been talking about for years.