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Friday, 12 December 2014

self-deportation

From: The Associated Press
“Corporations are people, my friend.”
— Mitt Romney (2011)

“It has been a bad week for fast-food mascots. In the same period that RetireRonald.com launched to blast the McDonald's clown for luring kids into unhealthy lifestyles, two mental health organizations have been deeply upset by a Burger King advertisement that can best be described as completely bonk ... er, nut ... er, cucko ... er, in poor taste.
     The ad in question features the mascot King running maniac ... er, psychot ... er, quickly through an office building. He breaks a window pane, gives a befuddled-looking woman a Whopper, then is tackled by two white-uniformed medical types. The King is 'crazy' and 'insane,' the medical types explain, because he wants to give away his sandwich for the low, low price of $3.99!
     'I was stunned. Absolutely stunned and appalled,' says Michael Fitzpatrick, executive director for the Arlington-based National Alliance on Mental Illness (NAMI), one of the nation's largest mental health advocacy organizations. He called the ad 'blatantly offensive' and hopelessly retrograde in its depiction of mental illness, adding that the commercial could lead to further stigmatization-the primary barrier for individuals to seek out treatment."
The Associated Press
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“This new Americans for Tax Fairness report shows that Burger King and its leading shareholders will dodge an estimated $400 million to $1.2 billion in taxes between 2015 and 2018 from its planned merger with Tim Hortons, a Canadian company. This contradicts the assertion by CEO Daniel Schwartz that Burger King’s plan to become a Canadian company (known as an inversion) 'is really not about taxes.'
The ATF report finds that by renouncing its U.S. corporate 'citizenship' Burger King could dodge $117 million in U.S. taxes on profits that it held offshore at the end of 2013. Burger King has been able to indefinitely defer paying taxes on those profits under U.S. law; by becoming a Canadian company it may never pay U.S. taxes on those profits.
     In addition, Burger King may avoid an additional $275 million in U.S. taxes between 2015 and 2018 because under Canadian law it will no longer have to pay (even on a deferred basis) U.S. taxes on future worldwide profits.”
Americans for Tax Fairness
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