Tags: Burger | King | Hortons | Inversion

Burger King May Buy Tim Hortons in 'Inversion' Deal

Sunday, 24 Aug 2014 08:50 PM

Burger King is in talks to buy Canadian coffee and doughnut chain Tim Hortons Inc. in a deal that would be structured as a tax inversion to move the hamburger chain's domicile out of the United States, according to one person familiar with the matter.

The deal is not yet complete, and the person could not speak to the possible timing for an agreement to be reached. The person asked not to be identified.

Editor's Note: Stocks to Drop 90%? These 5 Charts Reveal Why . . .

Recent attempts by companies for tax inversion deals, which are made to escape U.S. taxes and save money on foreign earnings and cash held outside the United States, have drawn the attention of some politicians, including President Barack Obama, who criticized a "herd mentality" by companies seeking such deals.

© 2017 Thomson/Reuters. All rights reserved.

 
1Like our page
2Share
Headline
Burger King is in talks to buy Canadian coffee and doughnut chain Tim Hortons Inc. in a deal that would be structured as a tax inversion to move the hamburger chain's domicile out of the United States, a source told Reuters Sunday evening.
Burger, King, Hortons, Inversion
137
2014-50-24
Sunday, 24 Aug 2014 08:50 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved