There is nothing sexy about corporate tax law and, even if there was, most of us wouldn't get it. The average American is more than happy to cede the details of such economic mechanics to "the few, the proud, the brainy."
Nevertheless, every once in a while, something happens in that esoteric world of fiscal arcana that breaks through the fog and grabs our attention. The proposed tax inversion deal between American icon Burger King and Tim Hortons Canadian donut empire, following close on the heels of Walgreen's thwarted attempt to do a runner, is one such event.
Burger King's corporate doings are attention-grabbing for the reason I stated above. Burger King is an iconic American brand. Where else in the world could Burger King have grown from a one-off drive-in restaurant known as Insta-burger to a $9 billion dollar global company whose logo is as recognizably American as the American flag?
Suddenly Americans are aware that a lot of American companies, controlling a lot of American jobs, are re-incorporating outside of the country. As it turns out there are far more American companies leaving than most of us realize because their brands don't grab headlines the way Walgreen's and Burger King do.