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Warren Buffett is helping to finance Burger King’s move to Canada to lower its taxes

August 26, 2014

 BuffettYou may have heard by now that Burger King is in the process of purchasing Tim Hortons Inc. and this move would allow Burger King to move its headquarters to Canada where it will pay a lower tax rate.

  But did you know this move was going to be funded in part by those evil, nasty, un-American, conservative Koch Bro…oh, wait that is not right, it is actually being funded by Mitt Romney’s evil former employer Bain Cap…oh, wait that is not right either.

  This move is being partially funded by liberal icon, and tax hike advocate Warren Buffet. Here is more:

Warren Buffett’s Berkshire Hathaway Inc. is providing $3 billion of financing for Burger King Worldwide Inc.’s planned takeover of Tim Hortons Inc. and will earn 9 percent annual interest on the investment

Berkshire is taking a preferred equity stake and won’t be involved in managing the restaurant business, according to a statement today from Burger King.

   So the man who has been advocating for higher taxes on the rich, the man who created a proposal to tax the rich which was eventually named after him, and the man who thinks it is wrong that he pays a lower tax rate than his secretary is helping a major corporation in a deal which would allow it to pay a lower tax rate. And he is doing it for profit for his  company will receive 9% interest on the $3 billion investment.

  To this point I have not seen or read much of a reaction from the left or the mainstream media (but I repeat myself) on this news, and those that are seem to be defending this move, but one has to wonder what the reaction would have been if indeed it had been the Koch Brothers or Bain Capital which was behind this move…

  And Warren Buffet once opposed this type of maneuver, saying that part of the law should be changed, but now that he is prepared to make a few dollars it apparently does not bother him as much as he said it did. I do not have a problem with Warren Buffett taking advantage of tax law, I just wish he would be truthful about where he stands.

9 Comments leave one →
  1. Bruce permalink
    August 26, 2014 7:32 pm

    “Do as I say, not as I do”. Mr. My Poor Secretary doesn’t seem to want Burger King to pay it’s fair share does he. On the other hand, I am all for doing anything that will make the tax happy feds allow corporations to be competitive here and provide the jobs we need.

    Liked by 1 person

    • August 26, 2014 7:36 pm

      Yes, the focus should be on creating a climate which will induce companies to come here not drive them away, but somehow I don’t think the left will see it that way. 😉


  2. August 26, 2014 8:02 pm

    Just like Buffet did all he could to stop the Pipeline. Better for his Railroads to carry the load.

    Liked by 1 person

  3. August 26, 2014 8:13 pm

    The Oracle of Omaha didn’t get to be one of richest men in the world by being stupid. No matter how magmanimous his politicl positions may seem, you can bet he has an angle to make even more money.

    Liked by 1 person

  4. August 26, 2014 8:50 pm

    So let’s see: the keystone pipeline is squashed so Barry’s friend Warren can continue to transport oil on his trains and now Warren is moving BK to Canada, a move that will, if true, most likely encounter no resistance from Barry and his lackeys. Zero knows how to take care of his buds. As for me I only eat burgers when visiting California at In “N” Out Burger.

    Liked by 1 person

    • August 27, 2014 5:33 am

      I guess it is only bad when somebody to leans right makes money, when it is done by somebody like Warren the left is more than willing to let it slide.


  5. August 27, 2014 1:01 pm

    Capitalism at work!


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