The jury is out as to how much of the Burger King-Tim Horton merger is driven by the desire for tax savings. So far, the range seems to be modestly to not very much. The Los Angeles Times noted “Burger King’s overall effective tax rate in 2013 was 27.5%, according to its annual report. Tim...Read More
On MSNBC's Hardball Wednesday, show host Chris Matthews offered something of an ode to Burger King, noting that the restaurant's burgers taste "like it's been grilled out back on a barbecue."
By Don Dion: Burger King Worldwide (NYSE:BKW) is pursuing an opportunity to acquire the Canadian doughnut-and-coffee chain Tim Hortons (NYSE:THI). The acquisition would be structured as a tax inversion and relocate Burger King's headquarters to Canada, where it would benefit from lower corporate taxes. Show More Summary
By Henry Stokman: Once again this week Merger Monday was an exciting day with the announcement of Burger King (NYSE:BKW) buying Canadian fast food chain Tim Hortons Inc. (NYSE:THI). The deal is valued at around $11 billion and would be a combination of stock and cash. Show More Summary
By ColoradoWealthManagementFund: Burger King (NYSE:BKW) has been shifting their company to focus on franchising and eliminate running stores themselves. The new strategy has dramatically improved their profitability, and their gains are being reflected in a substantially higher share price. Show More Summary
Burger King is in the news—not because the creepiest looking mascot since Six Flags’ dancing undertaker went off the rails but because they are pursuing a move of their corporate headquarters to the well-known tax haven known as Canada. Show More Summary
In his rush to flame-broil Burger King as an unpatriotic fast-food joint looking to skip out on paying its taxes to Uncle Sam, MSNBC Hardball host Chris Matthews sought to enlist the famously pro-free market, pro-capitalism Wall Street Journal. Show More Summary
Tim Dickinson is out with a superb piece of reporting in Rolling Stone today–a long investigation that picks up where yesterday’s headlines about Burger King and Tim Horton’s (and last month’s about Walgreens) left off. It turns out that these corporate “inversions” are huge business, and part of a trend that dates back at least […]
No word yet on whether or not we'll be able to order chicken fries with a side of Tim Bits...
Canada is apparently becoming an attractive place to do business. This week Burger King announced plans to move its headquarters to Canada, via a merger with Tim Hortons. Other U.S. companies that have recently moved or announced plans to move to Canada include Bausch and Lomb, Allergan, and Auxilium. Show More Summary
In a surprise move today, Burger King Worldwide Inc (NYSE:BKW) announced that it is acquiring the Canadian Coffee-and-Doughnut shop Tim Hortons Inc. (USA) (NYSE:THI) in an $11 Billion deal and is also going to move its headquarter to Canada. While many on the Street were expecting something like this owing to the reduced pace of […]
By Debbie Stephenson: Burger King (NYSE:BKW) has acquired iconic Canadian coffee shop chain, Tim Hortons (NYSE:THI) for $12.5 billion. The deal creates the third-largest fast food company in the world, worth a combined $23 billion. The deal has been structured as a tax inversion by Burger King. Show More Summary
By Renee Butler: Burger King (BKW) is going to buy Canadian coffee and doughnut chain Tim Hortons (NYSE:THI) for just over $11 billion. Under the terms of the takeover, Burger King would acquire Canadian coffee and doughnut chain Tim...Show More Summary
Burger King is the latest company announcing plans to renounce its U.S. citizenship in order to dodge taxes. It plans to buy Tim Hortons and then pretend Tim Hortons bought them so they can claim to be Canadian. (Tim Hortons renounced its own U.S. Show More Summary
Burger King Worldwide Inc., a chain of over 13,000 sad, ignored, tumbleweed-strewn burger graveyards in 79 countries around the world, has agreed to fork over around $11 billion to purchase Canadian donuts-and-breakfast chain Tim Hortons...Show More Summary
News lost in the Tim Hortons Burger King merger is this bizarre new doughnut. Covered with actual Buffalo sauce, two decorative tortilla strips, and crushed up chips, Tim Hortons' new Buffalo Crunch Dount tastes a little bit like a chicken wing.
Tim Hortons, the Canadian coffee-and-doughnut restaurant that recently agreed to be bought by America's third-or-fourth-greatest burger chain, Burger King, has revealed their first attempt in assimilating into our brilliant American culture by imagineering the Buffalo Crunch doughnut. Give me a fuckin break!!! Read more...
Americans may not have heard about Tim Hortons, but north of the border it's a big deal, with a big environmental footprint.
Sen. Dick Durbin is taking aim at Burger King, telling supporters today the fast-food giant is headed for Canada to avoid paying U.S. taxes.