Burger King’s decision to move its headquarters to Canada using what the political class refers to as the “inversion loophole” has sparked another round of outrage from politicians, many of whom seem to believe that companies exist primarily to finance Uncle Sam. Despite claims made by Obama and other Big Government mongers that the strategic relocations show a lack of “economic patriotism,” the real cause of the accelerating corporate exodus surrounds oppressive U.S. tax laws almost unique to the United States, experts say. Individual citizens are fleeing, too. Without serious reforms, the trends are likely to accelerate.
These two authors of the recent article on the economy in Foreign Affairs magazine suffer from a complete disconnect from the real world.
The employees' strike and customer boycott against the Market Basket supermarket chain was ended with the reinstatement of CEO Arthur T. Demoulas after he bought control of the company from his cousin.
The Federal Reserve’s annual Wyoming symposium has sent ominous signals that the world’s top central bankers will be unleashing global QE — and more raids on savers, taxpayers.