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President Obama’s favorite billionaire has thrown him under the Burger King bus.
Warren Buffett stuck one of his big Midas thumbs in Obama’s eye Tuesday by agreeing to pony-up $3 billion so the hamburger chain can buy a Canadian doughnut outfit — and avoid paying millions in U.S. corporate taxes by moving part of its headquarters to Ontario.
Buffett made the move just a month after Obama denounced “inversion” tactics like this as an “unpatriotic tax loophole” and ordered regulatory changes to curb them.
The White House declined to discuss this flame-broiled whopper of an embarrassment Tuesday.
Read more http://www.nydailynews.com/news/nat...burger-king-buy-tim-hortons-article-1.1918034
Warren Buffett stuck one of his big Midas thumbs in Obama’s eye Tuesday by agreeing to pony-up $3 billion so the hamburger chain can buy a Canadian doughnut outfit — and avoid paying millions in U.S. corporate taxes by moving part of its headquarters to Ontario.
Buffett made the move just a month after Obama denounced “inversion” tactics like this as an “unpatriotic tax loophole” and ordered regulatory changes to curb them.
The White House declined to discuss this flame-broiled whopper of an embarrassment Tuesday.
Read more http://www.nydailynews.com/news/nat...burger-king-buy-tim-hortons-article-1.1918034