While there is a growing uproar over Burger King’s plan to move its headquarters to Canada, it is only the latest of some 70 American-based companies since 1980 that have moved their headquarters out of the United States. Why? Not to be unpatriotic, as the president has said, but to make money for the company and their shareholders. They can only do so when they are in a favorable tax and financial environment.
The United States has a 35 percent corporate tax rate. Canada’s is 15 percent. Want to have it our way and keep corporations here? Change the tax codes to be more favorable to American companies. Congress and the president keep talking about it. Now is the time to do something about it. Then everyone benefits.
Carl Manzelli, Miami