Ohio Sen. Sherrod Brown calls for Burger King boycott over planned Tim Hortons deal

[KansDem]

77. "Have Taxes Your Way"

Capping on the old "Have It Your Way" advertising slogan of BK

Have taxes your way: Why Burger King wants to become a Canadian citizen

Yet another American company is aiming to move its headquarters out of the country.

International fast food behemoth Burger King Worldwide Inc. confirmed Tuesday that it will pay about $11 billion to buy Canadian chain Tim Hortons Inc., which sells coffee, donuts, and other breakfast food fare. The deal would merge America's second-largest burger chain, which is valued at nearly $10 billion, with the Canadian equivalent to Dunkin' Donuts, which is valued at more than $8 billion. It would also move the new company's headquarters to Canada, where corporate taxes are significantly lower.

The newly merged company would become the world's third-biggest "quick service restaurant company," with more than 18,000 restaurants in 100 countries, said Burger King and Hortons in a statement Monday. The deal would create a business capable of rivaling Yum Brands, which owns Taco Bell and Pizza Hut, and is valued at more than $30 billion. But while Yum Brands operates from Louisville, KY, the new Burger King and Tim Hortons parent company would likely station itself in the Ontario province of Canada.

On the surface, the reason for a headquarter shift across the country's northern border is simple: lower corporate taxes.

Washington Post