1. CORPORATE DEADBEATS.
- Author
-
JOHNSTON, DAVID CAY
- Subjects
- *
TAX evasion , *CORPORATE inversions , *WRITE-offs , *INCOME tax , *INCOME tax rates & tables , *TAX refunds - Abstract
The article discusses tax evasion, focusing on an inversion deal between the U.S. fast-food restaurant chain Burger King and the Canadian coffee shop chain Tim Hortons, managed by the multinational conglomerate Berkshire Hathaway, controlled by investor Warren Buffett. Topics include corporate inversions, write-offs, and the creation of stateless income, and how these processes enable a corporation to have a zero or negative income tax rate.
- Published
- 2014