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Canada: Home of the Whopper


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Architects of Burger King’s inversion claim it’s not about taxes

Burger King is rolling ahead with its plan to move to Canada. It confirmed Tuesday that it will purchase Tim Hortons, a Canadian coffee and doughnut chain, for about $11 billion, one of the biggest foreign acquisitions since 2012.

This makes Burger King one in a string of corporate deserters in recent years. According to new data provided by the Congressional Research Service, 47 companies have inverted in the last decade, including at least seven this year alone. These companies are able to dodge US taxes by moving their headquarters, but not their operations, to countries with lower corporate tax rates. So called “inversions” may save the companies a few bucks, but they could cost the US taxpayer tens of billions of dollars.

The Deal: Founded in Miami in 1954, Burger King operates more than 7,000 locations in the United States, but only 300 in Canada. In 1964, the Canadian fast food service Tim Hortons was founded in Ontario and now has more than one store per 10,000 Canadians. Burger King will shell out $11.4 billion for the coffee shop, but both will actually be controlled by 3G Capital, a Brazilian-US investment firm. According to the Wall Street Journal, Alex Behring, who is currently Burger King’s executive chairman and a managing partner at 3G Capital, will head the new company.

Although America has a top corporate tax rate of 35%, numerous multi-national corporations do not pay that much. Instead, U.S. corporations paid an average of 12.6%, according to the Government Accountability Office. Burger King also does not pay the top corporate tax rate, but has a tax rate in “the mid- to high twenties” according to Mr. Behring. While Burger King CEO Daniel Schwartz doesn’t “expect there to be meaningful tax savings,” Canada’s federal corporate tax rate is 15%.

Moving Forward: Burger King should reconsider its own bid for the company. Since the news broke, the public has denounced this newest corporate deserter. #BoycottBurgerKing is now commonplace on Twitter and Burger King’s Facebook was littered with comments threatening to never return. Senator Sherrod Brown added to that chorus: “Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders.”

When Walgreens announced its purchase of Alliance Boots, a European pharmacy, it received similar criticism, and it has since said that it will stay headquartered in the United States. They decided that paying their fair share was more profitable.

BOTTOM LINE: When more and more American companies move out of the U.S., ordinary Americans end up footing the tax bill. Companies employing the process of inversion are taking advantage of U.S. taxpayers and cheating the system, to the detriment of our workers and our economy. It’s beyond unpatriotic and it’s time for them to stop.

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Bill Gates: End your investment in private prisons

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Immediately withdraw your $2.2 million investment in the GEO Group.

Sign Presente.org’s petition

One of the world’s biggest social good foundations is contributing to one of society’s biggest ills — the private prison industry. The Bill and Melinda Gates Foundation Trust has invested more than $2 million in GEO Group, one of the largest and most abusive private prison corporations in the United States.

GEO makes a business of jailing those with the fewest resources, profiting from their labor, stripping them of their dignity, and leaching precious human capital from already-distressed communities.

GEO Group and other private prison companies have a perverse profit motive to drive criminal justice and immigration policy towards more incarceration of citizens and immigrants in prisons, jails, and immigrant detention centers. They spend millions of dollars — dollars provided in part by investors like the Gates Foundation Trust — lobbying local, state, and federal governments to institute longer sentences, to incarcerate more people for mi nor crimes, and to terrorize immigrant communities.

If that weren’t bad enough, GEO’s prisons are notorious for their awful treatment of prisoners. Accounts of sexual assault, physical abuse, medical neglect, rotten and inadequate food, forced signing of immigration papers, and death have been well-documented at GEO facilities. A federal judge called the inhumane conditions at GEO’s now-closed Walnut Grove Youth Correctional Facility, “a picture of such horror as should be unrealized anywhere in the civilized world.”

In light of this evidence, it is shocking that the Gates Foundation Trust would maintain its investment in the GEO group. The Gates Foundation prides itself on the good it does in the world. But this investment fundamentally contradicts the Foundation’s stated mission: to “ensure that all people — especially those with the fewest resources — have access to the opportunities they need to succeed in school and life.”

If enough of us speak out now, we’ll be able to create a powerful media narrative that exposes this contradiction and shames the Gates Foundation Trust to withdraw its investment.

Join Presente, Enlace, and 25 other organizations in calling on the Bill and Melinda Gates Foundation Trust to immediately withdraw its investment in the GEO Group.

Click here to add your name to this petition, and then pass it along to your friends.

Thanks!

–Presente.org

This petition was created on MoveOn’s online petition site, where anyone can start their own online petitions. Presente.org didn’t pay us to send this email—we never rent or sell the MoveOn.org list.

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McConnell Ad: My Story


VoteVets.org

I depend on VA care after exposure to Agent Orange during my service in Vietnam.

So, as a Kentuckian, I was disappointed with my Senator, Mitch McConnell, for his role in blocking improvements to veterans’ health care during a time of crisis earlier this year.

And when VoteVets asked me to share my story in a television ad set to air across Kentucky starting today, I immediately agreed.

Watch and share it with friends:

WATCH THE AD ON FACEBOOK | SEE IT ON TWITTER | VIEW ON A VOTEVETS PAGE

After 30 years in Washington, Mitch McConnell’s gotta go.

Charles Erwin
Vietnam Veteran
VoteVets.org

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Running On, Not From, Obamacare

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Candidates Who Support The Affordable Care Act Are Going On Offense

It has been widely reported this week that Senator Mark Pryor released an ad touting his support for Obamacare in his re-election campaign in Arkansas. While Pryor’s ad shows that those running in tough races see access to affordable health care as a strong issue to highlight, this is not the first time a candidate has run on all or part of the Affordable Care Act, even if conventional wisdom has suggested otherwise.

As The New Republic’s Jonathan Cohn noted yesterday, Republicans tried the repeal argument two years ago, which led to the President touting the benefits of the law during his campaign. He was obviously re-elected. In the past, the most notable piece has been the Medicaid expansion, which has insured millions of Americans in states that have chosen to implement it, while stubborn conservative governors let their states fall behind.

Below is a selection of headlines from around the country on the issue.

ACA supporters on the offense:

BOTTOM LINE: For months, we’ve seen those who voted for the ACA embrace it on the campaign trail and use it to go on offense, particularly in competitive races. Pryor is just the latest example. The conventional wisdom is that candidates want to avoid talking about the many benefits of the Affordable Care Act. But as we are increasingly seeing, the conventional wisdom is wrong.

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Finally! A candid exposé of Chevron’s dirty tricks

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Finally!
A Candid Exposé of Chevron’s Dirty TricksIt’s not easy to try to explain the saga of the decades long battle to hold Chevron to account for deliberately poisoning people and planet in the Ecuadorian Amazon. Rolling Stone does a very good job of it, however, in yesterday’s article Sludge Match: Inside Chevron’s $9 Billion Legal Battle With Ecuadorean Villagers by AlexanderZaitchik.The article skillfully explains how Chevron turned a straightforward case into a neverending legal battle – because winning based on the merits was never an option for the oil giant. From blaming the victim to threatening and pressuring their allies, Chevron’s tactics are as dirty as the crude they dumped in the rainforest. The oil giant has launched the greatest assault on corporate accountability to date, yet until now, mainstream coverage of that attack has been frustratingly scarce.

In fact, considering Chevron’s history of going after anyone critical of their actions in Ecuador, Rolling Stone should be applauded for aggressively investigating a story that few others have been brave enough to take on. Zaitchik confronts the sordid details of the false narrative concocted by Chevron to fuel its retaliatory RICO suit against Steven Donziger and the Ecuadorians, but unlike others reporters, he doesn’t let fear of Chevron’s army of lawyers or Judge Kaplan’s outrageously biased decision dilute his reporting or outweigh the facts.

Most importantly, Zaitchik reminds readers that, “it’s the farmers and the Indians, not the lawyers, who continue to struggle daily with the 50-year legacy of oil production in the region.” For their sake, it’s about time the media told the full story.

Read the article here »