Burger King to buy Tim Horton to cut tax expenses?

[Tonitrus]

Bet that 15% makes your nipples hard enough to cut glass.

But would he trade the 35% to 15% for free health care? 

[viper37]

Not really.  Tax rates are adjusted, for dividends, mainly.  That way, in theory, for a Canadian business and a Canadian shareholders, the total tax rate (corporate+personal) is similar to having all revenues to the individual.

That's in theory, of course.

The corporate tax rate is 15% in Canada, 35% in the US.

talking internal border only.
First, Corporate tax rate of 15% is only for Federal government.  You need to add provincial rates, 12% for Ontario.  That means 27%.

So, you got 27% for corporate income, then dividend tax rates varies greatly, but if you qualify for all credits, it can be 0%.  For most people, it would be around 15% max.  That makes 42% for the higher bracket. 

Highest total tax rate would be somewhere around 43-45% if you were receving all your revenues in form of wages, at the highest scale.

[viper37]

Canadian corporate tax rates

Unlike US, there are no provinces with zero tax rates for corporations.  And IIRC, State tax is deductible from Federal tax?  And stock options are qualified as an expense under US tax laws?

[alfred russel]

Canadian corporate tax rates

Unlike US, there are no provinces with zero tax rates for corporations.  And IIRC, State tax is deductible from Federal tax?  And stock options are qualified as an expense under US tax laws?

State taxes are deductible. Some stock options qualify as a deduction, but in those cases the employee must pay taxes.

The biggest difference isn't that Canada has lower tax rates, but that Canada doesn't tax worldwide income.

[grumbler]

For most military bases, the singular fast food restaurant on base is a BK. 

All your base are belong to us.

 

  I wish I'd said that.

[CountDeMoney]

Derfetus prefers to eat at Willie Horton's.

[derspiess]

[Malthus]

I take it that in Canada, Burger King will be represented by a Burger Governor General?

[The Brain]

US ever think about not being a tax hell?

[alfred russel]

US ever think about not being a tax hell?

Nah, I think most multinationals are too patriotic to move business off shore to avoid taxes, and those that are not will probably remember their love for America after another speech or two from politicans.

[derspiess]

I take it that in Canada, Burger King will be represented by a Burger Governor General?

Hopefully that wouldn't prevent Mayor McCheese from winning the upcoming mayoral election in Toronto and restoring some dignity to that office.

[Malthus]

I take it that in Canada, Burger King will be represented by a Burger Governor General?

Hopefully that wouldn't prevent Mayor McCheese from winning the upcoming mayoral election in Toronto and restoring some dignity to that office.

Consign the current one to the deep frier and we will all be the happier for it. 

[Josephus]

Is that the actress, the Irish one?

[Josephus]

I think this "buy out" makes perfect sense. Now the worst burger place in the world can sell the worst coffee. Deal made in heaven.

[Eddie Teach]

I think this "buy out" makes perfect sense. Now the worst burger place in the world can sell the worst coffee. Deal made in heaven.

You've clearly never had McDonald's burgers or In 'n Out Burgers fries.