•
115-
Simon Cowell at MIPCOM
2014
• 101-
Celebrity Scene's PeteAllman honors
Mother
• 115-
Simon Cowell at MIPCOM
2014
• 101-
Emmy Nominees -
2014Winners •108-
Buffett + $Bill = Burger King- "INVERSION"
Deal
•••
TVI's
Person of theWeek, Warren Buffett greases
$3 Billion to make the Burger King
Inversion deal
happen
••••
The $11.4
billion dollar transaction for Canadian
coffee-and-doughnut chain Tim Hortons
Inc., with headquarter in Canada is the
latest company to undergo an inversion,
which happens when an American company
uses a merger to reincorporate as a
foreign one.
••••
In such a maneuver, which is legal, a U.S.
company buys a foreign competitor in a
nation with a lower corporate tax rate and
shifts its headquarters to that
country.
••••
As inversions have gained in popularity in
recent years, the US administration has
been pushing for new restrictions. The
latest in a series of corporate offshore
tax-reducing moves, also puts the Obama
administration in a difficult spot as it
tries to stem the flow of U.S. companies
moving to foreign countries.
with
lower tax rates..
••••
Burger King's purchase of Tim Hortons,
creating the world's third-largest
fast-food
company,- is one of the highest-profile tax
inversions so far.
••••
Some
have suggested boycotting the fast food
chain, while others have directed their
criticism and anger toward the billionaire
investor Warren Buffett, whose company
Berkshire Hathaway is partly financing the
deal with investing $3 billion.
••
Industry experts said Burger King is
especially vulnerable to a backlash
because it is a popular consumer brand,
unlike some of the pharmaceutical
companies that have undertaken other
recent high-profile inversions.
••••
But
a backlash against Burger King will be
short-lived because most people will not
be thinking about their patriotism when
they are pulling through the drive-through
at Burger
King, to get a Whooper.
•
Buffett is famous for arguing-
that our tax code should be fairer and
that the rich and powerful should not get
more breaks than middle-income Americans
-- views that some say are incongruous
with his involvement in.
••••
He has been a staunch advocate of
companies and citizens paying their fair
share of taxes &emdash; so much so that
the administration's proposal to force
millionaires to pay the same share of
their income in taxes as middle-class
families is known as the Buffett Rule.
••••
"How can you hammer a deal for tax
policies when the very person your
signature tax policy -- the Buffett Rule
-- is named after is involved and argues
that [the deal] is not
tax-motivated?"
•
Buffett said it made sense-
for the combined company's headquarters to
be in Canada. The companies are roughly
equal in market value, and Tim Hortons had
sales of $3.2 billion last year, compared
with $1.1 billion for Burger
King.
••••
"Tim Hortons earns more money than Burger
King does," Buffett told the Financial
Times. "I just don't know how the
Canadians would feel about Tim Hortons
moving to Florida. The main thing here is
to make the Canadians happy."
••••
Anger toward Warren Buffett is
misdirected. He cannot close loopholes
that allow Burger King to claim Canadian
citizenship any more than he can close the
loophole that allows him and fund managers
to pay a smaller percentage of their
income in taxes than their
secretaries.
•
The real culprits are members of
Congress- who
have failed to close these loopholes and
have allowed Burger King to claim that it
is becoming a foreign corporation for tax
purposes even when common sense tells us
it is as American as any company could
be..
••••
You
see, Burger King will continue to serve
U.S. customers. It will not undergo much
change in ownership. And it will likely
continue to have its managers based in the
United States. But when it's time to pay
taxes, it will claim to be a newly
restructured company based in Canada,
which has a lower corporate tax rate.
••••
Burger King Worldwide Inc. executives said
the move to create a corporate holding
company in Canada was not a tax dodge.
Instead, they said, it was justified
because Canada would be the new company's
largest market. They noted that Burger
King would remain a stand-alone brand with
its headquarters still in Miami.
••••
Proposed restriction curbs probably
wouldn't apply to the Burger King-Tim
Hortons deal. A House bill has an
exception when a company has "substantial
business activities," such as 25% of its
employees or assets, in the country where
it plans to place its headquarters.
•
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For More
tviStory
108-s90- Buffett greases Burger King
inversion
deal ///
•
115-
SIMON COWELL, NAMED MIPCOM 2014
PERSONALITY OF THE
YEAR Paris, Sept. 1, 2014
•••••
Entertainment industry creative icon Simon
Cowell is to be honored as the MIPCOM 2014
Personality of the Year.
••••• The TV and
film producer, music label boss and
internationally-renowned talent show judge
will receive his award at a gala dinner
for industry executives at the Carlton
Hotel in Cannes on Tuesday 14 October. On
Monday 13 October, Cowell will give a
keynote interview in the Grand Auditorium
of the Palais des Festivals.
••••
One of the best-known faces on TV screens
in the world, Cowell has transformed
popular culture in the 21st century
through his wide-reaching TV and music
enterprise.
••••
"Simon Cowell is a visionary producer
whose television franchises are on air in
almost 200 territories around the world,
underlining his status as a global
creative icon. In recognition of his
amazing career as a creator of
international formats and his formidable
impact on the entertainment industry as a
whole, we are honoured to welcome him to
Cannes as the MIPCOM 2014 Personality of
the Year," said Paul Zilk, CEO of Reed
MIDEM, organiser of MIPCOM.
••••
Cowell's Syco Entertainment is a
world-renowned music, film, and television
production company responsible for some of
the most successful global music and
television franchises. Syco's television
assets include the two international
phenomenon formats: "Got Talent" and "The
X Factor" both created by Simon Cowell.
The Syco Music roster includes stars such
as One Direction, Little Mix, Susan Boyle,
Ella Henderson, Il Divo, Labrinth, Cher
Lloyd, Fifth Harmony, Alex & Sierra,
and Collabro.
•
Click
For
More
tviStory 115-s90- Simon Cowell named
MIPCOM's 2014 personality of the
year
- More
MIPCOM ///
•101-CELEBRITY
SCENE - PETE ALLMAN HONORS MOTHER ON HER
93rd BIRTHDAY
WITH MUSICIAL
CELEBRATION
- (TVI Magazine)
•••• Celebrity Scene's
Pete Allman, known as ''the man on the
scene,'' has been involved in the
entertainment business for years, in
helping escalate the careers of Lyn
Ashley, The Oscar Martinez Dancers and
Kirby Van Burch, known as The Prince of
Magic.''
••••
Allman first arrived in Las Vegas in 1978
where he opened his own review, ''The Pete
Allman Revue,'' which opened at The
Fremont Hotel, later moving up the strip
to The Marina Hotel, now The MGM.
••••
Allman, who can still belt out a song,
segued from singing and journalism for
over 40 different publications such as
The Las Vegas Tribune, The Hollywood
Gazette, Showbiz Magazine, The Las Vegas
Hollywood Magazine, lasvegas.net,
newsblaze.com, into hosting radio
shows in California and Las Vegas, later
finding his true love in producing half
hour television shows such as The Las
Vegan Report, The Las Vegas Hollywood
Report, CMX Sports and Entertainment
and currently Talk Back at West
L.A. College.•••• •
Click
for
More
tviNews stories Pete
Allman //
"Game
of Thrones" earned the most nominations
when the 2014 Emmy nominees were
announced. The HBO show received 19
nominations, including one in the coveted
drama series category.
Actor
in a drama: Bryan Cranston ("Breaking
Bad") Actress in a drama: Julianna
Margulies ("The Good Wife") Drama series: "Breaking Bad"
(AMC) Comedy series: "Modern Family"
(ABC) Mini series: "Fargo" (FX) TV Movie: "The Normal Heart"
(HBO) Variety Series: "The Colbert
Report" •
Click
For
Complete
List of Emmy Nominees-
101-s90 ///
