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Burger King, Warren Buffett under fire for Canadian inversion deal
Burger King, Warren Buffett under fire for Canadian inversion deal

Burger King Worldwide Inc. and billionaire investor Warren Buffett faced sharp criticism over plans that would create a new Canadian company after buying Tim Hortons Inc. to take advantage of Canada's lower corporate tax rates. Burger King said Tuesday it would pay $11.4 billion to buy the Canadian doughnut-and-coffee chain -- with $3 billion in financing from Buffett's Berkshire Hathaway Inc. -- and set up headquarters of the new company in Canada. Sen. Sherrod Brown (D-Ohio) called for Americans to boycott Miami-based Burger King for the so-called inversion move to reduce its corporate taxes. And consumers posted negative comments on the company's Facebook page. ...

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