With a firsthand account of the situation there. Olivia sterns details a multimillion dollar purchase. We begin with julie hyman and burger kings interest in tim horton. If the deal is made, burger king headquarters would move to canada. To account outside toronto, and this is one of the socalled tax inversions we have heard so much about recently, which would reduce the tax rate for burger king. If you look at the tax rates overall of u. S. Versus canada, in canada you are looking at 26. 5 and in the United States you are looking at a Corporate Tax rate of 40 . This could potentially represent a significant savings for burger king, and this is the primary reason folks are talking about as the impetus for a deal potentially being made. Burger king, by the way, 70 owned by three g capital 3g capital, and they may be interested in doing some cost cutting, etc. , as a result of this deal. Icon. Rtons is a canadian we were talking to erik schatzker, and native canadian, earlier, about the
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