What’s Buzzin’? Burger King & Tim Hortons

Burger King is in talks with the Canadian Coffee and doughnut chain, Tim Hortons. Some Say it is a tax inversion deal. The two sides are working on creating a new company, based in Canada, that would be the third largest quick service restautrant in the world. THIS MOVE WOULD MEAN BURGER KING WOULD MOVE TO A LOWER TAX JURISDICTION AND ENABLE IT TO SAVE ON ITS FOREIGN EARNINGS AND MONEY STOWED ABROAD. BASICALLY MEANING LESS TAXES GOING TO THE U-S GOVERNMENT.
INVERSION DEALS HAVE BEEN ON THE RISE LATELY AND THE WHITE HOUSE HAS CALLED ON CONGRESS TO TAKE STEPS TO PREVENT COMPANIES FROM MAKING INVERSION DEALS.