(DAILY SIGNAL) Following Burger King’s example, more companies will aim to move their headquarters to other countries if the United States doesn’t lower — or eliminate — the corporate tax rate, a prominent economist says.
“Taxes really do matter,” Stephen Moore, chief economist at The Heritage Foundation, said at the Bloggers Briefing held at the think tank, adding: “Why not get rid of the corporate income tax rate? … That would be the patriotic thing to do.”
Miami-based Burger King Worldwide, the international fast food giant, confirmed today that it will pay about $11 billion to buy Ontario, Canada-based Tim Hortons Inc., a chain that sells coffee, doughnuts and other breakfast food.
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