Jack M. Mintz: A Whopper of a deal for Canada

Financial Post | Business

Canada would be a winner, along with Tim Hortons and Burger King shareholders, due to a boost in corporate revenue that would be taxed in Canadian government hands

The proposed corporate inversion by Burger King that involves moving its headquarters to Canada while taking over Tim Hortons has created a maelstrom in Washington.  Unlike U.S. Valeant’s takeover of Canada’s Biovail in 2010 with similar tax benefits, Burger King is a household name, putting the spotlight on Canada as a place to do business.

The Canadian reaction is mixed.  Industry Minister James Moore rightly crows that Canada’s competitive business tax system is attracting economic activity and profits to Canada.  The NDP asks whether any net benefits accrue from a foreign takeover of a Canadian icon when management could still remain in the United States, even though the new company will be headquartered in Canada.

[related_links /]

The NDP position, however, is…

View original post 719 more words

Advertisements

One thought on “Jack M. Mintz: A Whopper of a deal for Canada

  1. mjh49783

    In my view, if the US, with its Byzantine, and excessive tax policies, want to chase away business, then this could only be good news for those that will benefit from this idiocy. For Canada, this shows that we are ‘open for business’.

    Of course the US will make this an issue of ‘patriotism’, but it is abundantly clear that patriotism in this case, is the last resort of a scoundrel.

    Reply

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s