Monday, August 25, 2014

I object, I object, I object

Being pro-free markets, this shouldn't make me feel like we are being robbed.... then why am I feeling this way?  My favorite watering hole is being merged with a USA entity and I don't like it one bit. I hope there won't be too many changes, and although both Burger King and Tim Hortons say they will "continue to operate as standalone brands"  .... I don't believe either of them.
**Sigh**   there goes one of Canada's most favorite iconic entities into Big Brother's greedy paws. At least, that's how I look at it in spite of this being a tax inversion deal and Burger King is setting up shop here to avoid paying a segment of the taxes they would normally have to.

From CBC:
Tim Hortons, Burger King:  What's behind the potential merger
U.S. burger chain could see its tax bill trimmed & keep up with McDonald's in bid for Canadian coffee company

In what could be a whopper of a deal for Tim Hortons, Burger King is in talks to buy the iconic Canadian company.
A joint statement by the companies says they hope to form a new corporation that would be based in Canada — although they would continue to operate as standalone brands.

New-York based investment fund 3G Capital owns a little over two-thirds of Burger King and is effectively proposing to build a Canadian holding company that would own both chains but operate them independently..........

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