Burger King in Talks to Buy Tim Hortons
So what kind of a “thing” is Tim Hortons for Canada. Will Burger King owning them matter at all?
They’re Canadians. They’re used to monarchical rule.
Are they buying it from Wendy’s? I thought Wendy’s owned Tim Horton’s. At least you see a Wendy’s/Tim’s combo location here and there.
Big yawn on my part. It’s a chain of coffee & doughnut shops. People go there mainly because they have many locations and the line moves faster than at Starbucks. Maybe you can track down one or two Canucks who fall for the advertising and are all “ZOMG Timmies is so central to Canadian culture!”, but I wouldn’t take those people seriously. The real question is how Americans will react to Burger King’s tax inversion shenanigans.
Well, another way to cut your tax is to cut your income; maybe that’s the fallback [del]excuse[/del]plan.
Wendy’s sold it in 2006.
Why do Canadians spell it “Hortons,” BTW? Does Tim not believe in apostrophes? 
Hey, free tax dollars! I won’t complain.
Tim Hortons is the Canadian equivalent of Dunkin Donuts, but it occupies a place in Canadian culture more like McDonald’s in the US. I hope it won’t change, because I loves me some glazed sour creme donuts! (*Creme sucre de glas *in Quebec!)
Are corporate taxes lower in Canada than in the US? That’s the part I find surprising.
My next question is, when can I get a Whopper with a powdered donut for a bun?
If you don’t put the apostrophe, you don’t need the sign in French and English. I think Mcdonald’s is the same there.
We have Tim Horntons in Michigan, but does this mean it will go national?
Named after a hockey player killed in a car accident before the chain was a tenth its present size… good luck, “King”…
I’ve been wondering about this, too. Canada doesn’t usually come up when people are discussing offshore tax havens.
I’m just glad there’s movement in my Tim Horton stock. Seriously, it jumped around 30% in one day. I don’t even like Burger King but money’s more important than democracy sometimes.
By at least about ten percentage points, apparently. US corporate tax rates top out comparatively high among developed countries. Here is a not-entirely-neutral discussion of the comparative tax rates.
With such comparable networths, is it fair to call this an “inversion”?
The point of an inversion is to move your tax domicile out of the US. Didn’t CVS or Walgreens just announce that they’re going to do this? It seems that corporations are getting increasingly bold about seeking out tax havens.
I always thought naming their signature snack “Timbits” was in slightly bad taste, given the fate of Mr. Horton. 
Congress isn’t organized enough to stop them. If Obama says he likes sunsets, there’s a sizable chunk of congress who will support resolutions against them. In this instance, it happens to be working out to my personal profit so… HA-ha.
This article says that Burger Kings pays 35% while based in the U.S., and would pay 26% in Canada (15% federal, 11% provincial in Ontario).
My God, yes. Not only are US taxes higher, but US-domiciled corporations pay US tax rates on income around the world regardless of where it is earned. You should sell the stock of any multinational corporation dumb enough to domicile in the United States.