Neal Boortz doesn’t blame Burger King at all for wanting to move its headquarters out of America in a tax inversion move.
“The U.S. has the highest corporate tax rate in the industrialized world and we are the only ones that say ‘Hey, you pay taxes here on all the money you earn overseas too,'” Boortz said. “So what happens to that money? It stays overseas. Trillions of dollars. That money could be back here working this country.”
“Enact the fair tax, no corporate taxes, then every corporation out there worth its salt would do what? Move it’s headquarters back to the United States, where they would provide jobs and help grow our economy,” he added. “Ah, but it would be the private secotr economy going and not the government — and that doesn’t sit well with Democrats.”