Following Burger King’s example, more companies will aim to move their headquarters to other countries if the United States doesn’t lower — or eliminate — the corporate tax rate, a prominent economist says.
“Taxes really do matter,” Stephen Moore, chief economist at The Heritage Foundation, said at the Bloggers Briefing held at the think tank, adding: “Why not get rid of the corporate income tax rate? … That would be the patriotic thing to do.”
Miami-based Burger King Worldwide, the international fast food giant, confirmed today that it will pay about $11 billion to buy Ontario, Canada-based Tim Hortons Inc., a chain that sells coffee, doughnuts and other breakfast food.
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The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973, mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
