“Daily Beast Slams ‘Benedict Arnold’ Burger King for Planned ‘Inversion'” via a merger with the Canadian Tim Hortons chain, Ken Shepherd writes at Newsbusters:
Patriotism may be the last refuge of a scoundrel, as Samuel Johnson put it, but a lack of it may be the last refuge of corporate executives who have run out of ideas on how to improve their business,” groused Daily Beast global finance editor Daniel Gross in the open of his 9-paragraph screed “Burger King Plots Canadian Invasion to Save His Faltering Kingdom.” “It’s one thing for a fairly anonymous company that sells pumps or valves or industrial products to other businesses to renounce its citizenship for the sake of saving a few bucks on taxes. It’s quite another when you’re an iconic American consumer-facing company that relies on fickle consumers for a large share of its business,” Gross fumed.
Gosh. Wait’ll Gross discovers that the Daily Beast, the Website he writes for, was founded by a woman who left her country of origin in search of better business opportunities, and presumably, lower taxation, eventually becoming a citizen of her newly adopted homeland. How can he work for a corporation born of such scoundrelly* origins?
* Yes, it’s a word, according to cads and bounders and scalawags at the Oxford dictionary.
Update (8/26/14): “This is Awkward:” Warren Buffett, “who President Barack Obama has lauded and named a signature proposal after, is helping finance a deal that would allow Burger King Worldwide Inc. to reincorporate in Canada and potentially reduce its U.S. tax bill through a so-called inversion, the Journal reported late Monday.”
No word yet on how former President Obama will question his supporter’s distinct lack of patriotism.
Join the conversation as a VIP Member