Burger King buying Tim Horton's (Clinton, military, cost, program)

[Finn_Jarber]

Originally Posted by GregW

I stopped eating at Burger King when I had to press the grease out of the burgers before they became barely edible.

I can't even remember last time I ate there, but it must be over 10 years ago.

[cupper3]

Originally Posted by lycos679

Because we have the most deductions. The average effective rate is about 13%. Somebody up thread said Canada doesn't assess tax on world wide income, but that is false - they do.

The Canadian rate isn't much further below us though. The federal rate is 15%, but then the provincial tax is another 11%-16%. Small companies and those that can't take advantage of the US special tax credits benefit from the Canadian code more, but BK tax so far is sitting at 25.6%. In 2013 they paid 27%.

Including federal and state/provincial taxes, here are the OECD combined rates. US - 39.1% versus Canada at 26.1%.

[PedroMartinez]

Let's see here, IMHO, there are two routes for congress:
1. Penalize companies who try to leave.
2. Make staying in the US more appealing.

I think option 2 is much better in the long run.

[geofra]

Originally Posted by cupper3

Including federal and state/provincial taxes, here are the OECD combined rates. US - 39.1% versus Canada at 26.1%.

How much tax do corporations actually pay on average? Did you find a comparison of the average effective tax rates of various countries?

[katzpaw]

Originally Posted by Finn_Jarber

Believe it or not, but Dems have been pushing for corporate tax cuts for years, but GOP won't even talk about it.

The Party of No won't do anything that will make Obama look good.
"If he was for it, we had to be against it." - Ohio Senator George Voinovich

[Memphis1979]

And moving their corporate headquaters to Canada to avoid US taxes.

I will not be shopping at Burger King anymore. If they bring Tim Hortons to Tennessee, I may have a hard time resisting that, as I loved their cinnamon roles when I lived in Michigan

[UKWildcat1981]

I love Canada and Tim Horton's they both rock. GOD BLESS CANADA

[cupper3]

Originally Posted by BoomBen

I think the poster was making the point that a responsible Government can restrain form implementing higher taxes while still mainintaing a UHC program.

Higher taxes does not mean better services.

That certainly is one of the points I was making.

The other is that corporations will go to where there is a competitive tax regime. The Canadian government has made a conscious effort a number of years ago to ensure that Canada's taxes were not only competitive, but compelling for investment. That of course means job creation, which helps the citizens.

Simple enough, broaden the tax base, and the government will have ample revenues. One of the best moves Canada did 20 some years ago was to institute a national sales tax. It ended up bringing in more money than anticipated, and although it originally was 7%, it went down to 6 and then now 5%.

Personal income tax is similar to marginally higher depending on which state/province one is talking about. Most Canadians are fine with that, and no matter what side of the political spectrum they are on, there are virtually no Canadians that would exchange the Canadian healthcare system for the one in the US. Canada spends 1/3 less as a percentage of GDP on healthcare as compared to the US, and the live expectancy is higher.

[LauraC]

I can't be without my cherry icee.

[cupper3]

Originally Posted by geofra

How much tax do corporations actually pay on average? Did you find a comparison of the average effective tax rates of various countries?

Try this one from KPMG.

Corporate tax rates table | KPMG | GLOBAL

Presented differently but with similar results:

The U.S. Corporate Effective Tax Rate: Myth and the Fact | Tax Foundation

(see chart about 1/4 of the way down)