Contact Us

UPDATE: Burger King Denies Trying To Duck U.S. Taxes

Burger King
Photo from Justin Sullivan of Getty Images

Burger King officially announced yesterday that it’s merging with Canadian doughnut chain Tim Hortons, but denied in response to angry accusations and calls for boycotts that it’s trying to duck U.S. taxes by reincorporating in lower-tax-rate Canada.

The new company will be headquartered in Canada, but each brand will be managed independently, with Burger King keeping its U.S. offices in Miami. Burger King CEO Daniel Schwartz said in a conference call, “We are going to continue to pay U.S. taxes as we have been doing.” He said that the corporate tax rate paid by Tim Hortons in Canada is in the mid-20s in terms of percentage and that what he called Burger King’s “blended” tax rate it pays globally, including U.S. taxes, is also in the mid-20s, stating, “So when we look at the combined company we don’t expect there to be meaningful lower or higher tax rates than we had before.”

More From WBSM

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your points and personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account with your Facebook account, just click on the account activation button below. You will maintain your existing profile and VIP program points. After you do this, you will be able to always log in to http://wbsm.com using your Facebook account.

*Please note that your points, prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!

Not a Member? Sign Up Here

Register on WBSM - New Bedford's Local Source For News, Talk, and Sports! quickly by logging in with your Facebook account. It's just as secure, and no password to remember!