Courtesy of CNN Money
Fast food chain Burger King is looking to expand its operations abroad by trying to merge with Tim Hortons. This is a big deal because Burger King’s business internationally has increased profit. Burger King wants to merge with Tim Hortons and relocate to Canada. The importance of the relocation is by moving their operations outside of the U.S., they would lower their tax bills by a process called inversion, where US companies merge with foreign companies and move their base of operations outside of the U.S. to that country and are given the foreign companies tax rate. The potential merger would make Burger King and Tim Horton’s the 3rd largest food chain.
More U.S. Companies Using “Inversion” To Lower Tax Bills [VIDEO] was originally published on praisephilly.com