The U.S. is supposed to be the model for free market economics. So, why do we have the highest corporate tax rate in the world?
Here are ten posts that caught my eye. Hope you find something interesting.
- These Are Some of Best Time-Saving Hacks for A Productive Day. (AlltopStartups)
- There are Now 50 Colleges that Charge More Than $60,000 Per Year [List]. (Insider)
- If Logos Had Honest Slogans ... (TwistedSifter)
- Amazon Tests Kindle Unlimited, Its Own E-book Subscription Service. (FastCompany)
- Dad Claims Kingdom So 7-Year-Old Can Be Real Princess. (HuffingtonPost)
- The Moneyball of Quality Investing. (ResearchAffiliates)
- The Difference Between a Good and a Bad Trader: What Brain Imaging Reveals. (ZH)
- Central Bank Exec Says Stocks Are 'Irrational'; China Poised To Crash. (BizInsider)
- A Cheat Sheet for Understanding the Different Schools of Economics. (Pragcap)
- 5 Everyday Products Whose Prices Are Hitting All-Time Highs. (Fool)
The Burger King - Tim Hortons Deal Isn't Just About Dodging Taxes
Burger King has confirmed it will buy Canadian coffee and doughnut chain Tim Hortons for around $11 billion.
The move has proved controversial, however, with Burger King confirming its intention to establish the new company's headquarters in Canada.
Critics have lambasted the fast-food chain for moving abroad in an attempt to secure lower tax rates like many other American companies.
The tax debate has been widely reported but the sheer success of Tim Hortons has been overlooked by many. The Canadian chain made $3.26 billion in revenue in 2013, almost tripple that of Burger King.
This chart shows the revenue and stores of selected coffee/restaruant chains worldwide in 2013.
via Statista.
Tim Horton's managed to do that with just under 5,000 units worldwide, compared to Burger King's 13,600.
Posted at 01:37 AM in Business, Current Affairs, Market Commentary | Permalink | Comments (0) | TrackBack (0)
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