ST. PAUL, Minn. (AP) — Years before Burger King sized up a Canadian headquarters in a hunt for lower taxes, Republican U.S. Senate candidate Mike McFadden's investment firm was involved in a merger that moved an American pharmaceutical company to Ireland and significantly dropped its tax rate.
Burger King plans to merge with Canuck coffee-and-doughnut chain Tim Hortons and base he company's headquarters in Canada, where it will enjoy the kind of reasonable corporate tax structure that Democrats continue to obstruct here in the United States. Show More Summary
In a newly amended filing with the U.S. Securities and Exchange Commission, 3G Capital, managed by Jorge Paulo Lemann, disclosed that it entered into a voting agreement related to the merger between Tim Hortons Inc. (USA) (NYSE:THI) and Burger King Worldwide Inc (NYSE:BKW). According to the filing, 3G Capital holds 243.86 million shares of Burger King […]
I was just on HuffPostLive with Alyona Minkovski of HuffPost, Alex Pareene of First Look Media, and Lauren Lyster of Yahoo. We had a rollicking conversation about issues of the day, ranging from Burger King's tax inversion to Reason's millennials issue to President Obama's awful press conference yesterday. Take a look by clicking above or by going to the HuffPostLive site.
The merger with Tim Hortons provides Burger King with everything from incremental revenues to expansion scope, from tax savings to better menu resources. Even though it might not be enough to outpace the industry leaders, it might put them in a better position to shrink the gap. Show More Summary
After days of attacking Burger King for supposedly attempting to skip out on U.S taxes by moving its headquarters to Canada and merging with Canadian restaurant chain Tim Hortons, the liberal left are now claiming that the merger will be "disastrous" for rainforests. Show More Summary
Inversions have been in the news consistently this summer as multiple companies have looked for legal paths away from the U.S. corporate tax system. Burger King became the latest corporation to add to the list after they announced their planned moved to Canada. Show More Summary
Warren Buffett's Burger King Deal With Canada's Tim Hortons is Magical, a Cross-Border Mashup With Treats For Every Taste Bud. But What if They Run Out of Fries?
American billionaire business magnate and investor Warren Buffett's decision to invest in the $11 billion deal to help Burger King buy Canadian coffee-and-doughnut chain Tim Hortons may not be quite as cut and dry as many have painted it when it comes to his stance on paying U.S. Show More Summary
So, Burger King's bugging out on the United States.
Tolstoy wrote in War and Peace that "kings are the slaves of history." And when the "king" in question depends on the patronage of happy customers for his well-being, his monarchy is also a slave to public opinion. Unfortunately forShow More Summary
Berkshire Hathaway Inc. (NYSE:BRK.A)’s Chairman, Warren Buffett surprised the Street today by saying that Tim Hortons Inc. (USA) (NYSE:THI) is more important to Canada than Burger King Worldwide Inc (NYSE:BKW) is to the U.S. The announcement came on the back of the uproar that happened earlier this week, after Burger King Worldwide Inc (NYSE:BKW) announced […]
By John-Erik Koslosky: Investors celebrated Burger King's (NYSE:BKW) planned acquisition of Tim Hortons (NYSE:THI), as share prices of both stocks rose better than 20% on news of the impending $11.4 billion deal was first disclosed Monday. Show More Summary
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