Leeds had tried and failed to renegotiate a contract with Taylor, who has seemingly been heading for the exit door since he handed in a transfer request last summer.
Taylor, who spent 14 years with the club, has agreed a four-year deal at Turf Moor and will compete with Stephen Ward for a place in Sean Dyche's side.
Despite Taylor pushing for a move away 12-months ago, Leeds stood firm and retained his service for the 2016/17 Sky Bet Championship season, as he made 29 appearances and helped the Whites to seventh.
Financial Services Regulator Calls for Post-Brexit Transition Period
He added that there would be no retreat from worldwide engagement or cooperation with other regulators. It includes a system of common financial rules that all countries in the passport network sign up to.
The defender started his career at Leeds before loan spells at Bradford, York, Inverness and Fleetwood. There were so many things that attracted me to Burnley; it ticks every box and it was a no-brainer really.
It was during this campaign that he raised eyebrows of several Premier League sides after earning Fans Player of the Year.
Taylor joined up with his new teammates for preseason training on Thursday morning and is ready for his new adventure.
But Taylor's time at Leeds was marred by a falling out with manager Garry Monk which saw him fined two weeks' wages for refusing to play for the club. "It didn't end too great, missing out on the playoffs but there's definitely a lot of positives to take from that".
"I have been there since I was nine and I knew it was the right time really".