The original content of Democracy Now! Headlines appears under the Creative
Commons BY-NC-ND 3.0 License (United States). For more, including their other
shows and media, visit www.democracynow.org.
August 27, 2014

Burger King Deal Renews Criticism of Corporate "Tax Inversions" 
----------------------------------------------------------------


 
Burger King is buying the Canadian coffee-and-donut chain Tim Hortons
for $11.4 billion, creating the third largest fast-food chain in the
world. The newly created firm will be headquartered in Canada where the
corporate tax rate is lower than in the United States. While Burger King
denies it was motivated by lower taxes, the deal has revived the debate
over so-called tax inversions, whereby U.S. companies use mergers to
move overseas and avoid U.S. tax rates.

 

.