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Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.

Anchored by Jake Tapper, The Lead airs at 4 p.m. ET on CNN.

On the Next Episode of The Lead

A look at Obama's immigration plan. Plus, how long Takata knew of problems with its airbags.

A look at Obama's immigration plan. Plus, how long Takata knew of problems with its airbags.

August 26th, 2014
06:11 PM ET

Sen. Sanders: Companies, like Burger King, leaving to avoid taxes ‘have absolutely no loyalty’ to United States

(CNN) – Sen. Bernie Sanders, I-Vermont, has been an outspoken critic on tax loopholes, like tax inversion, a loophole that Burger King may benefit from if it merges with Canadian doughnut chain Tim Hortons and moves its base to Canada.

The deal would mean a lower rate for the American fast food chain.

"Not only is this tax inversion an outrage, we are losing now about $100 billion in federal revenue every year," Sanders said in an interview with CNN's "The Lead with Jake Tapper."

If Burger King moves north, it would be a completely unpatriotic move, says the Vermont senator.

"Many of these corporations have absolutely no loyalty to the people of the United States or to our government. If they can make an extra buck by moving to the United Kingdom, their headquarters for the United Kingdom paying less in taxes that is what they will do," said Sanders.

For more of our interview with Sen. Bernie Sanders, check out the video above.

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