The Real Tax Benefits of Inverting to Canada
The Real Tax Benefits of Inverting to Canada
On August 26, Burger King announced that it entered into an agreement to acquire Tim Hortons, Inc., the Canadian coffee-and-doughnut chain, in a transaction that will be structured as an “inversion” (i.e., Burger King will become a subsidiary of a Canadian parent corporation). The deal is expected to close in 2014 or 2015. The agreement values Tim Hortons at approximately $11 billion, which…