Quebec Canada Tax Haven Burger King purchase Tim Hortons Quebec tax rate 3% or USA tax rate at 35%

Quebec, Canada tax haven

Burger King buy Tim Hortons for $ 12.5 billion tax rate 35% in USA

Canada and Quebec, the tax rate of 3%

Canadian Taxpayer and Québecois ,Its tax rate is 35 % and 45%

Prime Minister Paul Martin created the law of tax havens C-28 therefore billionaire Paul Martin does not pay taxes to the Canadian Steamship

The social welfare of RICH (our grumpy RICH)

On August 26, 2014 at 7:54 | Silver

Update August 26, 2014 at 24:37

Burger King announced Tuesday it would acquire the Canadian Tim Hortons 12.5 billion Canadian dollars in cash and stock, creating the world's third largest fast food.

group created by the merger between the American giant hamburger and Canadian coffee chain will have a turnover of about $ 23 billion and 18,000 restaurants in 100 countries.

Tim Hortons shareholders will receive 65.50 Canadian dollars in cash and 0.8025 new ordinary share of the group for each share tendered, the statement said.

investment company of billionaire Warren Buffett, Berkshire Hathaway, has agreed to acquire three billion of preference shares but stated that it would play no role in the management of the new

entity.,the new group will be 51% owned by the investment fund 3GCapital,the majority shareholder of Burger King, and preserve both brands.

3G Capital , a Brazilian-born investment fund based in New York, had bought Burger King, then in trouble in 2010 for about $ 3.3 billion.

Alex Behring and Daniel Schwartz, respectively President and CEO of Burger King , occupy the same positions in the new group. The current CEO of Tim Hortons, Marc Caira, will be the Vice President.

If Tim Hortons will remain based in Oakville, Canada, and Burger King in Miami, the new entity will be headquartered in Canada, which will prevent him having to pay taxes on its profits in both the United States and Canada.

Passage Tim Hortons under the control of Burger King could draw criticism in Canada and the United States revive the debate on tax exile large multinationals.

"Tax mergers" have spread in recent months due to very low interest rates that facilitate acquisition financing, explained the analyst Christopher O'Cull of KeyBanc in a recent note to clients.

Monday, as both companies had confirmed that discussions were under way for a rapprochement, their respective share jumped 20% on the stock market.

Alain Laprise September 10 2014

http://argent.canoe.ca/nouvelles/canada/burger-king-achete-tim-hortons-pour-125-milliards-26082014