• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Burger King to buy Tim Hortons?

hypocritexposer

Well-known member
Financial Post Staff, Financial Post · Aug. 25, 2014 | Last Updated: Aug. 24, 2014 10:58 PM ET

Tim Hortons coffee could soon be the property of Burger King Worldwide, with the two companies confirming late Sunday night that they are in discussions for the U.S. burger chain to buy Canada’s iconic coffee and donut chain.

The big draw for Burger King, according to a report from the Wall Street Journal, is the potential for tax inversion — effectively relocating the company’s home base to Canada to take advantage of the country’s comparatively lower tax base.

http://www.nationalpost.com/Burger+King+talks+Hortons/10145565/story.html
 

Traveler

Well-known member
Companies trying to escape Hope and Change? He's got a phone and a pen, and I'm sure none of the solution will be a more favorable business climate.

:shock:

President Obama has said he would take measures to stop the growing momentum of companies seeking relief from relatively high U.S. corporate taxes. He has threatened to find ways to use his executive powers to crack down on the inversion wave, since he has been unable to work out a solution with Congress.
 

Steve

Well-known member
easiest way to keep the corporations here is to cut the tax rate and eliminate some of the loop holes..

then reduce the corporate welfare abit,..

but then that might actually stimulate the economy..
 

hypocritexposer

Well-known member
Look who's interested in helping out with the deal...

:lol:


Warren Buffett to Invest in Burger King's Planned Deal for Tim Hortons

http://online.wsj.com/articles/warren-buffett-to-help-finance-burger-kings-takeover-of-tim-hortons-1409012196
 

Traveler

Well-known member
hypocritexposer said:
Look who's interested in helping out with the deal...

:lol:


Warren Buffett to Invest in Burger King's Planned Deal for Tim Hortons

http://online.wsj.com/articles/warren-buffett-to-help-finance-burger-kings-takeover-of-tim-hortons-1409012196
Talk about living up to your user name. :lol:
 

Brad S

Well-known member
I guess I haven't been in a Burger King in years, back when it was British owned, but I think this thread is more about a canary in a coal mine than the quality of BK food.
 

Steve

Well-known member
Brad S said:
I guess I haven't been in a Burger King in years, back when it was British owned, but I think this thread is more about a canary in a coal mine than the quality of BK food.

It comes back to the economy as well.. if a corporation starts losing profit,.. it has to cut somewhere to make the stock attractive to investors and large fund managers..

WEBeconTAX_0731.gif.cms


a quick look at the graph speaks volumes.. :shock:

http://news.investors.com/ibd-editorials-brain-trust/073014-711030-tax-inversions-rise-due-to-high-us-corporate-tax-rate.htm?nav=NewsLatest
Inversions vividly illustrate the amazing dysfunctions of the U.S. corporate tax code. The corporate tax raises $250 billion per year, or 1.5% of GDP, which is one of the lowest tax revenues in the world. And, the U.S. has the highest corporate tax rate in the world. If that's not enough, compliance costs are huge and the corporate tax is a job killer.

another sobering chart..
policybasics-taxrevenues-f1.png


10%.. wouldn't it raise more revenue if it was less and encouraged job growth?


most people say jobs are not lost in an inversion..
but they fail to consider accounting, lawyers, executive staff.. and the jobs those jobs support..
How much would we save in welfare alone if more folk had jobs?
1% of the budget? 2%...
 
Top