No, not Tim Hortons!!!
The major fast food chain Burger King is in talks to merge with the Canadian donut and coffee chain Tim Hortons and move its headquarters to Canada.
Burger King would be one of the largest and most well-known companies to seek to leave the U.S. in a so-called corporate inversion, in which a U.S. company buys a smaller foreign company in a lower-tax jurisdiction and then places its headquarters in the foreign country to lower its tax bill. Its departure will likely heighten concerns about inversions eroding the American tax base.
In a press release announcing the discussions, Burger King and Tim Hortons said that they were pursuing the deal for business reasons and to accelerate Tim Hortons’ international growth. But the new company’s headquarters would be located in Canada, which has lower corporate taxes than the U.S. […]
Canada’s corporate tax rate is 15 percent, according to the Organization for Economic Cooperation and Development. The U.S. rate is 35 percent, the highest among OECD nations, although most businesses pay significantly lower effective rates.