Tim Hortons/Burger King merger faces political backlash in Canada and the U.S.

[Omaha Steve]

http://www.wellandtribune.ca/2014/08/25/tim-hortonsburger-king-merger-faces-political-backlash-in-canada-and-the-us


Tim Hortons shares have skyrocketed since news broke it's in merger talks with Burger King, but politicians on both sides of the border have expressed their misgivings about the fast-food takeover.

The companies confirmed late Sunday that they were discussing a takeover of Tim Hortons by Burger King.

They said the new entity would be based in Canada, which has a lower corporate tax rate than the U.S., especially for entities with large overseas earnings.

"It seems pretty clear why Burger King would want to move its headquarters to Canada. What's less clear is what Canadians get out of the deal," NDP industry critic Peggy Nash told QMI Agency in an e-mail.

FULL story at link. If you can stand the commercials, there is a good video too.

[panader0]

1. No more Burger King for me

not that I go there very often anyway, but the "inversion' deal sucks.

[elias7]

2. Corporations act in the best interest of corporations

Politicians should not complain; they should close the loophole that allows inversions.

[MohRokTah]

3. Have it your way, eh. eom

[jwirr]

4. Has anyone started a petition? I doubt Tim Hortons reads DU. We need to get to them.

[Enthusiast]

5. Kicked and recommended! That's what I want on my Whopper—lots of backlash.

[Sen. Walter Sobchak]

6. I have worked in Canada for almost a decade...

and I still don't "get" Tim Hortons.

The coffee tastes like it has been boiling off on a hot plate for hours and the dounuts are no better than anything you might buy in a clamshell pack at Wal-Mart.

And yet it's an institution?

There is one near my office in Calgary and at 8:30 in the morning people are lined up around the block.