Tax inversion is unpatriotic
Posted: Tue Aug 26, 2014 7:36 pm
Isn't that what Obama said about Walgreens? What does he have to say when his buddy Warren Buffet helps facilitate Burger King being a tax inverter? Crickets from the left.Warren is only charging Burger King 9% on the loan.
Tax-Loving Obama Supporter Warren Buffet Financing Burger King’s Move To Canada To Avoid U.S. Taxes…
Burger King on Tuesday confirmed plans to acquire Ontario-based Tim Hortons for about $11 billion—creating a new company to be based in Canada with combined sales of $23 billion.
Berkshire Hathaway Chairman and CEO Warren Buffett is helping to fund the deal by committing $3 billion of preferred equity financing. The news release on the deal did not disclose the terms for Berkshire, which is only a financing source and will not have any participation in the management and operation of the business.