Moving to Canada will allow Burger King to pay 26.5% taxes instead of 35%
KPMG ranked Canada first among 10 countries for general tax competitiveness this year, saying tax costs in Canada are 46.4% lower than the U.S. The U.S. has federal corporate tax rate of 35%. Including Canada’s 15% rate, Ontario has a provincial corporate tax rate of 26.5%.
Aside from the tax implications, Morgan Stanley analysts believe overseas growth is the primary motivation behind Burger King’s interest in buying Tim Hortons
Source: http://nextbigfuture.com/2014/08/moving-to-canada-will-allow-burger-king.html
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Whistler Blowers, Insiders
Burger King buying Tim Horton’s? I believe it is the other way around. 90% of the BK’s in my state have closed up while just about every Tim Horton’s you see has a Wendy’s attached to it. TH already has a relationship with Wendy’s – surely BK isn’t big enough at this point to do anything but surrender. Wendy’s was #3 even before the TH merger, while BK is a mere shadow of it’s former self. What I really miss is the Grand Buffet at Ponderosa Steak house. It’s been long gone for awhile now.