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Burger King,Tim Hortons talks could turn up heat on tax inversions
Burger King,Tim Hortons talks could turn up heat on tax inversions

Burger King Worldwide Inc.'s potential acquisition of coffee-and-doughnut chain Tim Hortons Inc. could flame-broil the already simmering debate in Washington about new limits on off-shore tax shifting after the companies confirmed a new merged firm would be based in Canada. A deal between the two fast-food giants would be one of the largest and highest-profile so-called tax inversions, in which a U.S. company buys a smaller foreign firm and moves its headquarters abroad to get lower taxes. A foreign-based company does not have to pay U.S. taxes on its earnings in the rest of the world and also can use some internal maneuvers to further lower how much it pays to Washington each year....

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