As was widely reported a few months ago, Burger King is expected to complete a corporate inversion by purchasing Canadian donut company Tim Horton. Spinning both companies into subsidiaries of a new, multinational fast-food company headquartered in Canada. New numbers released by tax watchdog Americans for Tax Fairness showed just how much Burger King will be […]
The ‘Oracle of Omaha,’ billionaire investor Warren Buffet, is still touting the importance of higher taxes. Buffet said Oct. 6 that the recent White House action to limit tax inversions – in which companies shift their headquarters outside the U.S. to lower their tax bills – provides a good “time out” for the government to work on a […]
The U.S. Treasury Department announced Sept. 22 that it will move to disincentivize the practice of corporate inversions. A corporate inversion occurs when a multi-national business merges with a company overseas to take advantage of the lower tax environment to be had there. Treasury Secretary Jacob Lew explained to reporters on a conference call that a […]
