Surprisingly, Canada is the BEST major country when it comes to total corporate tax burden — by a LOT. Hence Burger King’s decision to relocate to the Frozen North. See the short article and tax table below. And keep in mind that total CALIFORNIA tax costs increase this tax differential substantially for our Golden State businesses.
Obama’s response to Burger King’s move (a move because of our punitively high U.S. tax structure) was predictable — further restrictions on American companies leaving. It’s the usual thuggish response of a Chicago community organizer against those who do not bend to his will.
Well, I have a wry suggestion: Obama’s plan to keep companies from moving to low-tax Canada should include installing along our Canadian border a 3,000 miles long string of machine gun towers and mine fields (a laEast Germany) to keep Ahmericans in AMERICA (well, wherever) — Land of the Free!
Think about it –it would… Read More