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I think it's just the new holding company. The HQ for Burger King will stay in the US and continue to pay US taxes.
 

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Is that what they're saying now? There was a US Senator who got all bent out of shape saying that he was going to boycott BK.
 

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I read an article about corporate tax that compared the benefits for large companies desiring to move their ownership to other countries.
In the next 18 months we should see more buisnesses moving as congress passes new tax laws and buisness restrictions.
The average Corporate tax in the U.S. is 36%, by moving to Canada they can lower that to around 17%, but still maintain their headquarters in Florida.
BK isnt the first company to threaten this move in the last year, theres been 27 major corporations that moved in the last 12 months and 11 others that filed but didnt make the move.
Most companies threaten to move and then are offered tax loop holes to stay that will drop their tax on an average to around 15%.
Buisness weekly has been covering this trend for a few months, every time they attempt to get a quote from the present Administration it gets down played and they attempt to blow smoke on how well the economy's doing.
 

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Is that what they're saying now? There was a US Senator who got all bent out of shape saying that he was going to boycott BK.
Of course, BK and TH will spin some profits off to the holding company (to save paying US taxes BK anyway), I suspect the holding company will be listed on both stock exchanges and the dividends will be paid by the holding company, so there will be some taxes paid in Canada.

This is not the first time TH has been owned by an American company, Somewhere around '06, or '08, TH was owned by the company that owns Wendy's. The merger only lasted a couple of years and Wendy's spun off TH.

I see Wiki has info on the new merge, they're saying a Brazilian investment firm will be the new owner of both. The company is 3G Capital. I see they purchased Burger King in 2010. That's when your US Senator should have gotten bent out of Shape. Looks like BK and TH profit will be going south, not north.
 

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Good article about Canada's love of Timmies and how it will go over here. I myself will unravel like a cheap suit if someone messes with my morning coffee break or there will be a mess of Burger Kings with dining rooms full of 7.62 x39 slugs LOL


TORONTO (AP) — Few things unite Canadians the way Tim Hortons does. For half a century, they have warmed themselves on chilly mornings with the chain's coffee and Timbits — or doughnut holes to Americans.

So news this week that Burger King will buy Tim Hortons served as a bittersweet reminder of how beloved the homegrown chain is in Canada, where 75 percent of the all the coffee sold at fast food restaurants comes from "Timmy's," as it is affectionately known. Tim Hortons is found in just about every small town and large city across Canada, and hockey-mad Canadians often head to their local Timmy's before or after their kids' games.

Tim Hortons, in a bid to quell any concerns that its distinctly Canadian brand could be watered down, went out of its way to assure that the red and brown coffee and doughnut shop won't change, taking out big ads in newspapers and declaring "fellow Canadians can all rest assured that Tim Hortons will still be Tim Hortons following this transaction."

The chain's aura in Canada comes from its namesake: hockey Hall of Famer Tim Horton, the co-founder who died at 44 in a 1974 car accident after playing in a game for the Buffalo Sabres. In a long run with Canada's most popular NHL team, the Toronto Maple Leafs, the defenseman won four Stanley Cups, including Toronto's last in 1967. That, and the chain's omnipresence, puts his fame in Canada on the order of a New York Yankees baseball legend like Mickey Mantle or Yogi Berra.

"Tim Hortons is iconic in terms of Canada and I wouldn't like to see that diluted," said Daraius Bharucha, a 46-year old teacher from Ajax, Ontario, and a customer since he immigrated to Canada from India 21 years ago. Bharucha said the first thing he does when he returns home to Canada from a vacation is visit the local Timmy's. He knows he's home. "Even among new Canadians the idea of going to a Timmy's has become part of the vocabulary," he added.

While the takeover by Burger King, which is based in Miami but controlled by a Brazilian private equity fund, is getting much attention in Canada, it's not causing panic. U.S.-based Wendy's recently owned Tim Hortons and its brand remained intact. Wendy's then spun off Tim Hortons as a separate company in 2006 after more than a decade of ownership.

In the meantime, Tim Hortons kept expanding and now has 4,546 restaurants, including 3,630 in Canada, 866 in the United States and 50 in the Persian Gulf.

Both Burger King and Tim Hortons vow they will continue to be run independently. So don't expect to see Timbits alongside Whoppers on Burger King menus.

The global corporate headquarters of the two chains will be based in Oakville, Ontario, and the move is viewed as being driven by Burger King's desire for a tax haven.

The Canadian government welcomed the deal. Prime Minister Stephen Harper's spokesman said the government has been "reducing business taxes and creating jobs and boosting investment, making Canada one of the best countries in the world to do business."

Harper previously celebrated the return of Tim Horton's corporate headquarters to Canada in 2009 with a speech that talked about Timbits and the equally famous "double-double" coffee of two sugars and two creams.

"Millions of Canadian hockey parents like me know well that when it is 20 degrees below zero and everyone is up for a 6 a.m. practice, nothing motivates the team more than a box of Timbits, and nothing warms the parents in the stands better than a hot double-double," Harper said then.

Harper also quoted Canadian author Pierre Berton, who said "In so many ways the story of Tim Hortons is the essential Canadian story. It is the story of success and tragedy, of big dreams in small towns, of old fashioned values and tough-fisted business, of hard work and of hockey."

Harper's support is built in rural areas and with the "Tim Hortons crowd" — which is popular with blue-collar Canadians. While some wealthier Canadians might prefer Starbucks, most just want a Timmy's double-double.

And they hope something so Canadian won't be diluted.

"It's the association with hockey and the legend of Tim Horton and a part of the Toronto Maple Leafs and the tragic circumstances in which he died at a young age," Bharucha said. "There is that kind of mystique attached to that name."
 
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