America officially recognized as a Third World basket case
by Klaus Rohrich
Over the past several months we’ve heard a lot about American corporations engaging in “inversions” as a tax saving strategy. The latest in this long line is the proposed merger of Burger King with Canada’s Tim Horton’s doughnut chain and relocating its head office in Oakville, Ontario, where Tim Horton’s is based. Predictably, the Democrats are seriously peeved, calling these companies “greedy” and “unpatriotic.”
However, looking at it from a less partisan perspective one can only surmise that many American corporations, in order to prosper and survive, are looking at ways to preserve their value to shareholders, and one such method is the acquisition of foreign companies and relocating.
