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BK Plan Divides TX Lawmakers



By Bill O'Neil

They shouldn't have it their way--just waht one San Antonio Congressman has to say about the planned Burger King-Tom Hortons merger--complete with a new corporate headquarters in Canada. 

The new company would face a much lower ccorporate tax rate north of the border. Congressman Lloyd Doggett isn't opposed to lowering the rate on this side of the line--but told 550 KTSA News he sees a different motivation. 

"We need to close the loopholes at the same time we provide any lower corporate tax rate" the Congressman said, adding he elieves Burger King's plan is nothing more than a tax dodge--one Doggett said should be illegal. 

On the other side of the aisle though, many Republicans see an easy fix to what appears to be a growing trend in business. 

"Fix this broken tax code, and allow our companies to compete both here and abroad--and when they do win, bring those profits home to invest in America. Right now, the code that we do have doesn't allow them to do that" said Houston-area Congressman Kevin Brady.  



 

Filed Under :  
Topics : Business_FinancePolitics
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Locations : Houston
People : Kevin BradyLloyd DoggettTom Hortons
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