In a statement that might make the late Dave Thomas proud, Sen. Sherrod Brown said Monday that if Burger King sets up shop in Canada as part of a tax inversion, customers should switch to Wendy’s or White Castle.
“Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders. Burger King has always said ‘Have it Your Way’; well my way is to support two Ohio companies that haven’t abandoned their country or customers,” Brown said.
The Wall Street Journal reported late Sunday that Burger King is considering the acquisition of the popular Canadian coffee and doughnut chain Tim Horton’s for tax purposes.
The White House on Monday renewed the call for closing the provisions of tax law that allow for the inversions, transactions in which U.S. corporations purchase a foreign entity and make that the company of incorporation. Any fix in 2014, as unlikely as it may be, would be narrow.
“We need an immediate fix to forestall a flood of these dangerous inversions and a long term solution that lowers corporate tax rates while instituting a country-by-country global minimum tax,” Brown said in his statement. “This kind of common sense reform will close down tax havens that cost our country revenue and cost American jobs.”
No immediate word from Brown about his view on the possibility of Burger King offering Timbits for breakfast.