rdaner
Senior Member
There is a lot of discussion and speculation about this merger. My question is whether the new company would be based in Toronto and if so, where in the city it would be located?
There is a lot of discussion and speculation about this merger. My question is whether the new company would be based in Toronto and if so, where in the city it would be located?
Does it make a difference where they locate, does it even make a difference if its a PO Box?
Based on US corp tax paid in 2013 an extra 37M approx would go to the CRA coffers rather than the IRS if HO was in Canada.
Are there any jobs at that HO? If so, do any of those people pay personal income taxes? Do they spend any of their after tax dollars? Etc etc
There is a lot of discussion and speculation about this merger. My question is whether the new company would be based in Toronto and if so, where in the city it would be located?
It's like (theoretically) Canadian Tire moving their "HQ" to Switzerland for tax purposes. I'm not sure a boycott would generally accomplish much, but I can certainly understand why there would be calls for one.I was reading about this online and American posters were pissed that they would try to avoid paying the higher tax rate, even calling for boycotts.
Based on my read is that they aren't merging to create a combined company in so much as Burger King is buying Tim's so that they can use Canada as its primary HQ for tax purposes (taking advantage of Canada's lower corp tax rate). Tim Hortons will still be situated in Oakville, BK will be based in Miami.