To: Warren Buffett
Buffett: Don't Finance Burger King's Tax Dodging
As someone who has repeatedly spoken out about how tax loopholes hurt America, do not invest in Burger King's move to Canada to dodge U.S. taxes.
Why is this important?
Burger King is considering a plan to buy a Canadian coffee chain, Tim Hortons -- this would allow them to move their headquarters out of the country. (1)
Surprisingly, outspoken advocate against tax loopholes and billionaire Warren Buffett is expected to invest heavily in the deal. (2)
If Burger King does indeed move their headquarters, it will mean they will be taxed at a much lower rate than American-based companies in a scheme that is referred to as a corporate "inversion." The news comes after dozens of companies have pursued similar schemes which will cost us billions in lost taxes.
If we don't stop this now, get ready for more and more and more companies to "invert" and move their “headquarters” to avoid paying their fair share.
We need champions like Warren Buffett to stand up against schemes like this, and not finance them! That's why we're hoping to show him that investing in this tax dodge is a bad move.
I'm confident that if enough of us stand up we can stop these inversions. Earlier this month, Walgreens backed off a plan to move their headquarters overseas after public outcry. But it won't happen unless we speak out, together.
LEARN MORE:
1. Burger King in Talks to Buy Tim Hortons and Move to Canada
http://goo.gl/OTeCSk
2. Warren Buffett to Invest in Burger King's Planned Deal for Tim Hortons
http://goo.gl/54xNlG