Fair Tax would solve BK’s problems
Published 9:28 pm Friday, August 29, 2014
To the editor:
Burger King is moving to Canada to avoid the high U.S. business tax. So have other companies.
The Wall Street Journal recently discussed the increasing frequency of companies moving overseas to avoid U.S. taxes, and Burger King’s move has been the topic of discussion on all major news stations and even conservative talk radio.
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Discussions relate to how the current income tax code needs to be tweaked to encourage businesses to stay in the United States or that we should pass a law that makes it illegal for a company to move.
Not once have I heard the talking heads mention the Fair Tax. A main objective of the Fair Tax is elimination of all business taxes and encouraging businesses to stay in or return to the U.S. Read more about it at www.FairTax.org.
Regretfully, I believe the Fair Tax Bill, HB 25, has not yet passed because it removes political power from legislators. It would no longer allow legislators to manipulate the tax code to favor themselves, special interests or constituents so they can get re-elected.