Have It Your Way: Pay Almost No Taxes Overseas

by
Abby Zimet

In Libya last month

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Annals In Sneaky Capitalism: Question: When is a burger intellectual property? Answer: When you file the brand fee for it in a low-tax country and thus avoid paying the much higher U.S. tax on it. Welcome to the machinations of Burger King, McDonalds, Subway and others - with special magic tricks by Starbucks in the U.K. - wherein fast food chains end up paying tax rates as low as 2% in Switzerland rather than about 35% here. From Reuters.

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