Report: Burger King in talks to buy Tim Horton’s to avoid US taxes

Business Insider:

The Wall Street Journal’s Liz Hoffman and Dana Mattioli report Burger King is in talks to buy Tim Horton’s to pull off a “tax inversion” that would allow it to avoid U.S. taxes.

The new holding company would be based in Canada, the pair report.

“One of the people said a deal between the two companies could be struck soon, though additional details on timing couldn’t be learned,” they write. “Together the restaurant companies have a market value of about $18 billion.”

The deal would create the world’s third-largest fast food enterprise.

While this is mainly for the tax implications, would it mean more Tim Horton’s in the US? (There are a small number in the US including some on military installations.)

Jeff Quinton

Jeff Quinton

Jeff Quinton is an award-winning blogger who has been aggregating and blogging since 1998. He has worked as a reporter, in government, and as a communications professional in Columbia, SC and Washington, DC.

Quinton is a native South Carolinian who has lived in Baltimore since 2006. He is a recent convert to the Catholic Church and is active in the Knights of Columbus. He has been involved in the pro-life movement nationally and locally since 2010.

Quinton is a veteran who served as an intelligence analyst in the Army National Guard. He is also an Eagle Scout.
Jeff Quinton