Burger King-Tim Horton’s Deal Is Apparently A Done Deal

I’m putting this in a separate post, since doing an update to this mornings will mess up the Twitter links

(USA Today) The U.S.-based restaurant chain made it official Tuesday announcing that it agreed to merge with the Canada-based Tim Hortons restaurant chain. The deal, worth about $11 billion, will create the world’s third largest quick service restaurant company with about $23 billion in sales and more than 18,000 restaurants in 100 countries.

So, here’s a question for this who hate this: do you shop around for the best deal? If you can save 20% on something, do you? If that car you’re looking at costs $17k at one dealer and $15k at another, exactly the same, where do you buy it?

I hate it, but it is an economic reality. What do we do? Force the lower price dealer to raise their price? Nope. We get Congress to lower the tax rate, incentivize companies to do business with a USA based address.

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4 Responses to “Burger King-Tim Horton’s Deal Is Apparently A Done Deal”

  1. Stosh says:

    Until voters realize corporations don’t pay tax, they take money from consumers and pass it on to the government, nothing will change.

  2. gitarcarver says:

    From Forbes:

    Canada’s corporate tax rate in Ontario of 26.5% (the federal rate of 15% plus Ontario’s provincial corporate tax rate of 11.5%) is considerably favorable to the American corporate tax rate of 35% thanks in large part to the conservative Canadian government led by Stephen Harper. The Harper government lowered the federal tax rate to 15% in 2012 down originally from 28% since it took office in 2006.

    In fact, a recent KPMG Report, Focus on Tax, ranked Canada as the #1 country with the most business-friendly tax structure among developed countries when adding up a wide range of tax costs to businesses from statutory labor costs to harmonized sales tax. When comparing developed countries to what companies pay in the U.S.; Canada came in at 53.6%, the U.K. came in at 66.6%, and the Netherlands at 74.5% of the U.S. corporate tax burden.

    And people wonder why corporations move their tax base.

  3. david7134 says:

    Stosh,
    Corporations pay 35% tax. The issue with Burger King is that they pay the US taxes on US profits. But when they make profits offshore, they pay the tax in the respective country and then an additional tax to the US. That does not make sense in anyone’s book, even a liberal. Besides, what is wrong with corporations not paying tax? The tax is ultimately collected in distributions and other transactions. Plus, corporations make something extremely important, jobs.

  4. Stosh says:

    Corporations do not pay 35% tax, they take 35% more from the consumer than they need to cover cost and profit and pass is on to the government.

    Last I herd the companies were not allowed to print their own $100 bills to pay the 35% taxes.

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