taxes

A Tax Inversion Deal Is On The Menu For Burger King

Taxes

Many Americans may have the idea that Canada, with its socialized health care system, is a high-tax country, but when it comes to corporate taxes, our northern neighbors can boast the second-lowest rates in the G-7.

That has Burger King looking at crossing the border: The iconic American fast-food brand is in talks to buy coffee-and-donuts chain Tim Hortons and move its headquarters to Canada.

In a statement late Sunday night that confirmed an earlier report in the Wall Street Journal that a deal was in the works, the companies said the combination would create the third-largest quick service restaurant company in the world, with approximately $22 billion in sales and over 18,000 restaurants in 100 countries worldwide.

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SOURCE: FORBES

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