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Burger King May Move to Canada to Lower Taxes - Taxation News

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Tax News


Posted on: Aug 25, 2014

Burger King is discussing a merger with Tim Hortons, a coffee chain based in Canada. This deal would move Burger King out of the U.S. and possibly lower their tax bill by doing so.

Tim Hortons and Burger King would still operate as standalone brands, but the merger would make the team the third largest fast food chain in the world. There are currently more than 18,000 in over 100 countries.

The process of merging with a foreign company to lower tax bills and then relocating to the new country is known as an "inversion". This article discusses the issue and gives a background on other recent U.S. company inversions.

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