To: Warren Buffett, Billionaire Investor
Warren Buffett: Don't Finance Burger King's Tax-Dodging Deal
To billionaire investor Warren Buffett: Don't finance Burger King's plan to desert America by shifting its address from Florida to Canada to dodge U.S. taxes. Stand up for a fair tax system where big corporations pay their fair share.
Why is this important?
Back in 2012, billionaire investor Warren Buffett decried the fact that he was able to pay a lower tax rate than his secretary.
Now he's financing a dodgy deal that would let a huge American corporation shrink its U.S. tax bill -- and require the rest of us to make up the difference.
Burger King is trying to merge with Canadian coffee-and-doughnuts chain Tim Hortons. Once the merger is over, Burger King will change its address to Canada to dodge U.S. taxes.
You'll still see a Burger King restaurant every time you drive down the highway, and the corporation's business decisions will still be made in its offices in Miami. The corporation is actually going nowhere. It's a move on paper only.
What's more, Burger King will continue to pay low wages, and its workers will continue to need Medicaid, food stamps and other benefits and services that our tax dollars pay for. But now, we'll be paying a greater share of those costs, to make up for every dollar that Burger King doesn't pay.
Warren Buffett claims to care about having a fair tax system, where those who have less don't end up paying more than those who have more. He's got to put his money where his mouth is.
Tell Buffett: Do not finance Burger King's tax-dodging deal. Instead, stand up for a fair tax system, where corporations and the wealthy pay their fair share of taxes.
Now he's financing a dodgy deal that would let a huge American corporation shrink its U.S. tax bill -- and require the rest of us to make up the difference.
Burger King is trying to merge with Canadian coffee-and-doughnuts chain Tim Hortons. Once the merger is over, Burger King will change its address to Canada to dodge U.S. taxes.
You'll still see a Burger King restaurant every time you drive down the highway, and the corporation's business decisions will still be made in its offices in Miami. The corporation is actually going nowhere. It's a move on paper only.
What's more, Burger King will continue to pay low wages, and its workers will continue to need Medicaid, food stamps and other benefits and services that our tax dollars pay for. But now, we'll be paying a greater share of those costs, to make up for every dollar that Burger King doesn't pay.
Warren Buffett claims to care about having a fair tax system, where those who have less don't end up paying more than those who have more. He's got to put his money where his mouth is.
Tell Buffett: Do not finance Burger King's tax-dodging deal. Instead, stand up for a fair tax system, where corporations and the wealthy pay their fair share of taxes.