Our founding father, Benjamin Franklin is quoted as saying, “In this world, nothing can be certain except death and taxes”. For Burger King apparently, the rules do not apply. Burger King Worldwide, famous for its slogan “Have it Your Way”, has had enough of the United States tax system. In an effort pay lower taxes, Burger King proposed late August, its plan to buy the Tim Horton’s Doughnut chain.
The deal would cost nearly 13.3 billion dollars. Many people are outraged over the company’s decision. Called tax inversion, politicians across the country fear that American companies will flee the States for our maple-loving neighbors. I for one am assured that the Whopper would still be a national treasure a year from now. Companies follow money and despite taxes, there is money to be made in the United States.
According to Pew Research, nearly 50 million Americans eat fast food in one day. The United States fast food industry makes nearly 200 billion dollars annually and is projected to keep growing. The taxed income paid by Burger King is relatively small compared to its profits. Burger king embodies the American spirit of freedom in its slogan, and can be found on military bases throughout the country.
The company is too invested in this country to leave on a permanent basis. After speaking to workers in both companies, I know that the proposed merger has little effect on the daily drive in. So why not let Buger King have it their way? America is the home of the Whopper because who else does it bigger than the Americans. Our spending habits and waistlines are apt to agree.