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Darkshade Forum    General Boards    News  ›  Tim King or Burger Hortons?
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Diddly
August 27, 2014, 3:58am Report to Moderator Report to Moderator

Noble
Posts: 1,231
Becoming the 3rd largest fast food chain in the world, Burger King has bought Tim Hortons for about $11 Billion.  Well, not BK specifically, but the investment firm that owns them, 3G Capital.  http://www.cbc.ca/news/business/tim-hortons-burger-king-agree-to-merger-deal-1.2746948, http://www.newser.com/story/193004/burger-king-in-talks-to-become-canadian.html

Many are calling this a method of tax evasion, since the BK headquarters will supposedly move to Canada where they will pay lower taxes (15% vs 27%).  Frankly, those folks should cry more about Verizon, GE, Apple, Microsoft, and Google, who in some cases pay less than nothing in taxes and make a heck of a lot more money than Burger King.

The real question is, how will each chain be effected?  Will BK start selling better coffee, or will Timmy's start selling burgers?  What do you think?



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Darkshade Forum    General Boards    News  ›  Tim King or Burger Hortons?