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Opinion: Connecticut’s inversion and the treasurer’s race

Suzanne Bates
Suzanne Bates

Suzanne Bates is the policy director for the Yankee Institute for Public Policy. She lives in South Windsor with her family. Follow her on Twitter @suzebates.

All of this talk about people leaving Connecticut to move to cheaper places to live has me thinking about the national conversation on corporate inversions.

When Burger King announced it was moving to Canada (a wonderful country which also happens to be my birthplace), to take advantage of a lower tax rate, there should have been a collective pause so we could all say, ‘Really, Canada has a lower corporate tax rate than America?”

Yes, as it turns out, Canada has a lower corporate tax rate than America, as does most of the rest of the world. The United States is also one of the only countries that forces its companies to pay taxes on profits earned abroad.

See the complete story at CT News Junkie.

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