1 Forum Post by "bt2"
Response to: Should we boycott Burger King?
Posted November 11th, 2014 in Politics
At 9/2/14 08:15 PM, TheMason wrote: Of course BK is going to pocket some of the profits. However, this does make the Brazilian-owned American-brand that just bought a Canadian-brand more competitive.
This is a rational move.
However, I think one of the questions we should be asking is: why are countries like Canada and those in the EU more attractive to businesses than the US? What are we as a nation doing wrong to make us less competitive for businesses to move here?
I mean when our corporate tax rate is among the highest...and we tax profits made in other countries (not many, if any other countries do this)...I would worry about the sanity and competency of any corporation to stay in the US.
As a tax law student in the Netherlands, one of the 'problems' is the definition of a resident explained in the tax treaties most countries have with the US. Especially the allocation of income, is in other countries of the EU more benificial for big multinationals. Currently in the Netherlands there is a discussion going on about the opposite problem. The Netherlands is in general a country where multionational want to settle. Just because there is an allocation problem.
