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Leisher 
Top 3%, yo.

Group: Super Administrators
Posts: 26651
Joined: May 2004
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Posted on: Aug. 25 2014,09:14 |
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BK looking to buy Tim Horton so they can move to Canada.
I know we posted something else about this topic here somewhere, but I couldn't find it.
Can you blame these companies? The U.S. government has constantly shown that instead of fixing the programs that waste taxpayer money, they will instead just increase tax bills. If you're a company that can get out of it, why wouldn't you?
Although, I don't understand how ex-patriots are taxed to hell, but these corporations can escape? Apparently nobody saw this coming and closed the loopholes.
I expect that eventually the government will create a very harsh penalty for companies that leave the U.S., and new taxes on those outside the U.S. who do business here.
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Aug. 25 2014,09:29 |
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I thought ex-pats could only be "Taxed to hell" if they were spending significant amounts of time within the US (at least 2 weeks, iirc).
As for the companies, they are just trying to avoid taxes on money not actually earned in this country. Shock.
-------------- It's not me, it's someone else.
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| Post Number: 4
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Leisher 
Top 3%, yo.

Group: Super Administrators
Posts: 26651
Joined: May 2004
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Posted on: Aug. 25 2014,09:37 |
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Point being, the U.S. government isn't exactly helping our economy with the way they spend or make money.
As for the ex-pats, I remember watching a news program or reading a long article about them getting fucked over by the tax laws that apply to them.
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| Post Number: 5
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| Post Number: 6
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Leisher 
Top 3%, yo.

Group: Super Administrators
Posts: 26651
Joined: May 2004
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Posted on: Aug. 25 2014,15:22 |
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I've seen youth surges in other companies too.
The ones that immediately come to mind are This End Up and Chi-Chi's...
I'm not making a joke, just stating fact.
How these young kids get these positions I don't know, but if I was an investor, I think I'd be pissed.
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| Post Number: 7
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Malcolm 
I disagree.

Group: Privateers
Posts: 27168
Joined: May 2004
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Posted on: Aug. 25 2014,15:42 |
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(Leisher @ Aug. 25 2014,17:22)
QUOTE How these young kids get these positions I don't know... QUOTE Mr. Schwartz has served as our Chief Executive Officer since June 2013. From April 2013 until June 2013, he served as our Chief Operating Officer and from January 1, 2011 until April 2013, he served as the Chief Financial Officer of Holdings and, upon the merger with Justice, the Company. Mr. Schwartz joined Holdings in October 2010 as Executive Vice President, Deputy Chief Finance Officer and was appointed as Executive Vice President and Chief Financial Officer in December 2010, effective January 1, 2011. Since January 2008, Mr. Schwartz has been a partner with 3G Capital, where he was responsible for managing 3G Capital's private equity business. He joined 3G Capital in January 2005 as an analyst and worked with the firm's public and private equity investments until October 2010. From March 2003 until January 2005, Mr. Schwartz worked for Altair Capital Management, a hedge fund located in Stamford, Connecticut and served as an analyst in the mergers and acquisitions group at Credit Suisse First Boston from June 2001 to March 2003. Mr. Schwartz is a director of 3G Capital and Carrols Restaurant Group, Inc., the Company's largest franchisee.
Bets:
1) Blackmail.
2) Born rich, made the correct moves, know the right people, buried bodies where no one found them.
3) Self-made rich. Had one good idea that he cashed in on, then it reads much like #2.
-------------- Diogenes of Sinope:
"It is not that I am mad, it is only that my head is different from yours."
"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."
Arnold Judas Rimmer, BSC, SSC:
"Better dead than smeg."
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| Post Number: 8
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unkbill 
The Mope.

Group: "Members"
Posts: 4058
Joined: May 2004
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Posted on: Sep. 01 2014,17:19 |
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I was told they still pay taxes but it has something to do with the Canadian Burger King can lend America Burger King money and take the interest off it's taxes. Or some other such nonsense to make for bigger profits.
-------------- In marriage there is always one person right. And the other one is the husband.
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| Post Number: 9
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TheCatt 
Top 2%

Group: Super Administrators
Posts: 22951
Joined: May 2004
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Posted on: Sep. 01 2014,17:40 |
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Basically, the US part would still pay US taxes. But the Canadian part wouldn't.
Right now, if international BK wants to bring money home from other countries (already taxed by those countries), they also have to pay some amt of US taxes as well.
-------------- It's not me, it's someone else.
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