A Whopper Of A Deal–Burger King To Canada In Tax Dodge

Now, where was I before being Idiot of the Day? Oh ya - horror of horrors! According to a late breaking story from the Wall St. Journal on Sunday, Brazilian owned Burger King is in talks to buy Canadian donut chain giant Tim Horton’s. The deal would apparently be structured as a ‘tax inversion’. Tax inversion is the relocation of a corporation's headquarters (mostly US located) to a lower-tax nation or corporate haven such as Canada. We’re a corporate tax haven?  Who knew?

Heaven in the morning is definitely Tim Horton’s

We knew!  That’s right, my American friends, so-called socialist Canada (hee-haw) has a lower tax rate than capitalist USA. That’s true despite Fox News’ clown heads trumpeting how our Universal Health Care System is a terrible drain on our entire system of government. Here in the Great White North our economy is chugging along just fine with absolutely no bank failures. We do continue to be amazed though at US stories about our very popular and excellent health care.

But, that’s a topic for another day. Right now, the idea of Timmy’s being sold to anyone has to be a serious blow to our national identity. Timmy’s is as Canadian as our Maple Leaf national flag.

With 3,588 restaurants in Canada, 859 in the United States and 38 in the Persian Gulf region (I didn’t know that!) it’s by far Canada’s largest restaurant chain.

I’m betting that there are very few Canadians who have never tasted a donut from Timmy’s. Tim Horton’s was founded in 1964 by former Toronto Maple Leaf hockey legend Tim Horton.

The new Canadian Burger King/Tim Horton’s deal, if it goes through, would create the third-largest quick-service restaurant provider in the world.

Who would be the biggest loser in this deal? The poor American tax payer as yet another American based company would move offshore to reduce their corporate taxes thus shifting the burden to the American middle class. The Obama administration is moving ahead with proposals to limit tax inversions but face heavy opposition from the GOP. What a shock!!

Hey – the joke’s on you America – I’m off to Canada!

Personally, I hope the deal falls flat on its face. I’d rather pay more for a “double-double with a small box of Tim-Bits” than see Tim Horton's sold to anyone.

Thanks for visiting!