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Burger King in Talks to Buy Tim Hortons (tax inversion cited as reason)
WSJ ^ | 8/24/14 | Liz Hoffman and Dana Mattoli

Posted on 08/24/2014 4:59:02 PM PDT by tellw

Edited on 08/24/2014 5:07:07 PM PDT by Admin Moderator. [history]

Burger King Worldwide Inc. BKW +1.01% is in talks to buy Canadian coffee-and-doughnut chain Tim Hortons Inc., THI.T +2.79% a deal that would be structured as a so-called tax inversion and move the hamburger seller's domicile abroad, according to people familiar with the matter.


(Excerpt) Read more at online.wsj.com ...


TOPICS: Business/Economy; Canada; Front Page News; News/Current Events
KEYWORDS: burgerking; canada; kfc; pizzahut; tacobell; taxinversion; timhortons; wendys
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Sad state of affairs when Canada is viewed as a better place to be in business than the USA.
1 posted on 08/24/2014 4:59:02 PM PDT by tellw
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To: tellw

Canada is semi- socialist, but the PM is limited. I’m not sure there are any limits on king hussein.


2 posted on 08/24/2014 5:01:22 PM PDT by The Sons of Liberty (I want a Speaker who'll stick that pen and phone where no one but Reggie Love can find it!)
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To: tellw

The BK’s around here are closed up.


3 posted on 08/24/2014 5:02:08 PM PDT by ASA Vet (Don't assume Shahanshah Obama will allow another election.)
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To: tellw

I like Timmy’s. BK, not so much.


4 posted on 08/24/2014 5:03:11 PM PDT by henkster (Do I really need a sarcasm tag?)
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To: tellw

5 posted on 08/24/2014 5:03:19 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: ASA Vet

I think they are trying to prevent that from happening again.


6 posted on 08/24/2014 5:03:55 PM PDT by Balding_Eagle (If America falls, darkness will cover the earth for a thousand years.)
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To: tellw

For old time sake: ‘Bring back jobs now. Just sayin.’’


7 posted on 08/24/2014 5:04:27 PM PDT by deadrock (I am someone else.)
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To: tellw

It’s a shame Horton never lived to see this: http://en.wikipedia.org/wiki/Tim_Horton


8 posted on 08/24/2014 5:05:38 PM PDT by vladimir998
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To: ASA Vet

The BK’s around here are closed up.......

Always seems to be a has been, a troubled business, while Tim Horton’s is a success. A strange merger


9 posted on 08/24/2014 5:05:49 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

Well, K-Mart bought Sears.


10 posted on 08/24/2014 5:06:59 PM PDT by 2ndDivisionVet (The most dangerous man to any government is the man who is able to think things out for himself.)
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To: 2ndDivisionVet

Well, K-Mart bought Sears.>>>>>>

Another rousing success!


11 posted on 08/24/2014 5:08:06 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: tellw

Las Vegas Steve Wynn said three years ago that doing biz with the ChiComs is easier than with the Obama administration.


12 posted on 08/24/2014 5:15:47 PM PDT by gaijin
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To: dennisw

Western PA and NY has seen an explosion of growth with Tim Horton’s storefronts popping up in every mildly populated town... and have been very poular with the residents. Personally, I’m not a fan of Timmay’s coffee but all summer long they have had any size iced tea for $1.00... which works for me... Saturdays and Sundays when I am hard tasking outside or in the shop on the farm and need to take a break and head into town to the hardware store or feedmill, I hit Timmay’s and get my $2.12 worth of real, unsweetened iced tea.


13 posted on 08/24/2014 5:17:15 PM PDT by Rodamala
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To: Rodamala

We kinda like Timmy’s coffee, especially when we splurge and get a double-double.


14 posted on 08/24/2014 5:31:48 PM PDT by Cloverfarm
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To: deadrock

Eh!


15 posted on 08/24/2014 5:33:54 PM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: tellw

That’s kind of a weird story. You don’t need to merge two companies to invert. That must just be one of the incentives.


16 posted on 08/24/2014 5:34:53 PM PDT by Still Thinking (Freedom is NOT a loophole!)
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To: tellw

Are they going to bring out a line of gay donuts to go with their rainbow burger?


17 posted on 08/24/2014 5:40:29 PM PDT by PAR35
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Less Than 14K To Go And The Freepathon Is Over!


Click The Pic To Donate

Support FR, Donate Monthly If You Can

18 posted on 08/24/2014 5:43:58 PM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: tellw

Many moons ago a group of friends were planning a picnic. One of the guys that worked at BK smuggled some patties out. They were paper thin and turned to mush on the charcoal grill, pretty much inedible sludge. Don’t imagine they’ve improved any.


19 posted on 08/24/2014 5:51:06 PM PDT by Some Fat Guy in L.A. (Still bitterly clinging to rational thought despite it's unfashionability)
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To: Cloverfarm

It’s not Timmy’s coffee, it’s Timmys coffee. They are prohibited from using the apostrophe in their advertising or logos. No joke. That’s why it’s called Tim Hortons and not Tim Horton’s.


20 posted on 08/24/2014 5:53:34 PM PDT by RightFighter (It was all for nothing.)
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To: tellw
BK in my area is not doing good.. Carls Jr. has them beat. Always a line at Carls, went into BK last week with my daughter, we were the only ppl in there.. and very few drive ups.. hate to see a good business go down, but I think my local BK is heading that way
21 posted on 08/24/2014 5:54:45 PM PDT by JoanneSD
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To: henkster
I like Timmy's, BK not so much

Tim Horton's has some healthy and fresher food choices. How long will it take BK to trash them?

22 posted on 08/24/2014 5:55:09 PM PDT by grania
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To: tellw

Y’all gotta understand: Tim Hortons is to Canada what Starbucks is to USA, just more so. Tim’s is darned near a religion.


23 posted on 08/24/2014 5:57:05 PM PDT by ctdonath2 (Solve problems, don't bitch about them.)
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To: tellw

Tax inversion? Mullah Baraq will be quite “disappointed” by these “folks’” “inappropriate behavior.” Next he’ll sic Holder on ‘em.....


24 posted on 08/24/2014 6:07:29 PM PDT by clintonh8r (It's possible to love your country and hate your government. I'm proof of it.)
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25 posted on 08/24/2014 6:13:46 PM PDT by RedMDer (May we always be happy and may our enemies always know it. - Sarah Palin, 10-18-2010)
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To: grania

I hoping BK is using Timmy’s as a shell to cover them and escape tax liability. I don’t want a true merger. BK would serve some crappy timbits.


26 posted on 08/24/2014 6:52:58 PM PDT by henkster (Do I really need a sarcasm tag?)
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To: tellw

Tim Hortons has changed hands a few times in recent years. They were owned by Wendy’s not too long ago.


27 posted on 08/24/2014 6:54:20 PM PDT by Boris99
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To: ctdonath2
Tim’s is darned near a religion.

It's true. Ask any Canadian for directions and they will use Timmys as a reference point.

Our youth pastor is from Kincardine; that small town actually has TWO Timmys. I asked him is the reason was that there's the one you go to, and the one you don't go near. Yes, it's a religion.

28 posted on 08/24/2014 6:56:48 PM PDT by henkster (Do I really need a sarcasm tag?)
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To: Cloverfarm

Tim Horton’s coffee just tastes weird to me... bitter... burnt. I dunno what it is, but to me, good coffee is 8 O’clock whole bean Dark Italian Roast... I love that stuff.


29 posted on 08/24/2014 6:59:10 PM PDT by Rodamala
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

Tim Hortons thriving after split with Wendy’s
http://www.bizjournals.com/columbus/stories/2010/06/07/story2.html?page=all

http://www.wikinvest.com/stock/Yum!_Brands_(YUM)

Yum! Brands Inc. (NYSE: YUM) is the world’s largest fast food company with 35,000 restaurants in over 110 countries. Yum restaurants include KFC, Pizza Hut, Taco Bell, Long John Silvers (LJS), A&W, Pasta Bravo, Wing Street, and East Dawning. KFC, Pizza Hut, Taco Bell, and LJS are the world leaders in their respective categories. There are three operating regions as well: the US, China, and International. Yum is part of the Quick Service Restaurant (QSR) industry primarily competing with McDonald’s (MCD), Domino’s Pizza (DPZ), and Burger King Holdings (BKC).


30 posted on 08/24/2014 7:03:33 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: henkster

Timmy’s is not very good. Good coffee and donuts. The rest, not very good. But Wow, they are on almost every other corner. Good for them.


31 posted on 08/24/2014 7:11:21 PM PDT by ForYourChildren (Christian Education [ RomanRoadsMedia.com - a Classical Christian Approach to Homeschool])
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To: tellw

I like Tim Horton’s..

its the 1st place I stop when I go to Canada..

BK will ruin the company...


32 posted on 08/24/2014 7:29:39 PM PDT by Tennessee Nana
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To: tellw

Great, now they’re going to ruin Tim Horton’s.


33 posted on 08/24/2014 7:30:21 PM PDT by dfwgator
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To: tellw

34 posted on 08/25/2014 2:51:41 AM PDT by markomalley (Nothing emboldens the wicked so greatly as the lack of courage on the part of the good -- Leo XIII)
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To: Rodamala

“good coffee is 8 O’clock whole bean Dark Italian Roast”

8 O’clock coffee is consistently excellent across their entire line of whole bean and ground coffees.

I need to go out and do some price shopping compared to the fresh roasted coffee beans I purchase at http://www.coffeebeandirect.com/


35 posted on 08/25/2014 10:18:14 AM PDT by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: tellw
When the Federal corporate income tax rate is 39 percent, does that explain why many American companies want to move their corporate headquarters out of the USA? Indeed, when Neal Boortz and then-Rep. John Linder wrote the first FairTax book in 2005, they specifically cited corporations moving out of the USA due to legal income tax avoidance reasons.
36 posted on 08/25/2014 10:36:41 AM PDT by RayChuang88 (FairTax: America's economic cure)
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To: ASA Vet

We still have a few in my area, but several closed.


37 posted on 08/25/2014 10:37:33 AM PDT by matt04
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To: catnipman
8 O’clock coffee is consistently excellent across their entire line of whole bean and ground coffees.

When I used to do all the household grocery shopping, Coffee purchases were always made only when A&P had a sale (which I did not regularly shop at other than to browse their "past prime" produce... which my regular grocer did not have.)

A&P was good for having a buy one get one free sale on 8 O'clock Coffee, and I would often go on the second to last day of the sale and find the Dark Italian Roast inventory was nearly wiped out, but not completely.

Hello Rainchecks!

I would take whatever they had left on the shelf (these were the large bags) lock in the sale price on the BOGO sale with rainchecks... and when I would return have previous checkout coupons stacked up.

I wish I could remember the unit price I would be knocked down to... I don't believe 8 O'C sells the Whole Bean Dark Italian Roast in large bags anymore... There are no A&Ps near where I now live.

38 posted on 08/25/2014 11:49:18 AM PDT by Rodamala
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To: catnipman

Oh, and incidentally, my brother buys coffee from coffeebeandirect too, I never have... Hunterdon County is where we grew up.


39 posted on 08/25/2014 11:54:40 AM PDT by Rodamala
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To: tellw
The Burger Kings near me are overpriced - and hang huge"We Accept EBT" signs.

I have not eaten there in years.

Tim Horton's is good stuff. Try their oatmeal with cinnamon or apple crisp topping.

MMMMMMmmmmmmmmmm!

40 posted on 08/25/2014 12:26:28 PM PDT by SkyPilot
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To: tellw
Patriotism may be the last refuge of a scoundrel .... **The statutory tax rate in the U.S. is 35 percent compared to 15 percent for Canada.**


41 posted on 08/25/2014 1:15:59 PM PDT by Daffynition ("We Are Not Descended From Fearful Men")
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To: tellw

Obama be killin America...one Burger King at a time.


42 posted on 08/25/2014 1:38:02 PM PDT by RoosterRedux
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To: Tennessee Nana

Horton’s in Canada seems quite different than Horton’s in the US, which, at least a few years ago, seemed to be trying to out-Starbucks Starbucks.

I liked being able to get gravy on my fries at 2am when I lived in Toronto.


43 posted on 08/25/2014 2:47:49 PM PDT by tcrlaf (Q)
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To: henkster

And Boston had Dunkies for directions.


44 posted on 08/25/2014 5:00:47 PM PDT by matt04
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To: tellw
Aha. So THAT'S why Burger King came out with the Gay Burger a couple of months ago.

It was to inoculate themselves from criticism for leaving the country to avoid onerous taxes as the Preezy is wont to do.

45 posted on 08/26/2014 6:27:31 AM PDT by Texas Eagle (If it wasn't for double-standards, Liberals would have no standards at all -- Texas Eagle)
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To: gaijin

A handful of years ago Jon Stossel did an expose on business in China vs. the U.S.; bottom line, he had a business license and was actively selling widgets “legally” within 24 hours. The comparative piece within the U.S. was a horror show and I don’t recall if he ever got the widget company to sell anything.


46 posted on 08/26/2014 6:58:48 AM PDT by Ghost of SVR4 (So many are so hopelessly dependent on the government that they will fight to protect it.)
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To: tellw

Will the last business to leave the U.S. please turn out the lights.


47 posted on 08/26/2014 7:03:16 AM PDT by unixfox (Abolish Slavery, Repeal the 16th Amendment)
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To: SkyPilot

My favorite fast foods are two, Wendy’s and Subway.

Could care less about either Mc D’s or BK.


48 posted on 08/26/2014 7:07:54 AM PDT by Biggirl (“Go, do not be afraid, and serve”-Pope Francis)
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To: dennisw

The problem with BK is that it was caught in the middle between the two big sucessful fast foods: McD’s and Wendys. The former because it is a legendary fast food company and the latter because of the quality of its fast food. BK kinda was very, very conflicted in itself.


49 posted on 08/26/2014 7:14:51 AM PDT by Biggirl (“Go, do not be afraid, and serve”-Pope Francis)
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To: tellw

Dem Senator (Sherrod Brown, D-Ohio) Calls For Boycott Of Burger King, Tells Consumers To Eat At Wendy’s, White Castle

http://cleveland.cbslocal.com/2014/08/26/dem-senator-calls-for-boycott-of-burger-king-tells-consumers-to-eat-at-wendys-white-castle/

NEW YORK (CBS Cleveland/AP) — Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that would give the fast-food company a stronger foothold in the coffee and breakfast market.

The corporate headquarters of the new company will be in Canada, which stands to help lower Burger King’s corporate taxes. Such tax inversions have been criticized by President Barack Obama and Congress because they mean a loss of revenue for the U.S. government. Burger King and Tim Hortons said the chains will continue to be run independently and that Burger King will still operate out of Miami.

The deal would create the world’s third largest fast-food company with about $23 billion in sales and more than 18,000 locations, the companies said.

The comments are 99% pro BK anti Dem/taxes/brown.

When will Dem’s figure out that corporations don’t pay taxes, their customers pay them? This move makes BK more profitable, lower corporate taxes and their product prices will not decrease, smart move BK.


50 posted on 08/26/2014 7:39:13 AM PDT by free_life (If you ask Jesus to forgive you and to save you, He will.)
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