Markets:
DJIA --97.300.28%
NASDAQ +8.380.06%
S&P --8.100.18%
Featured Stocks:
SQQQ +0.00% 8.34
T +0.21% 28.11
SMED +0.80% 10.06
NIO +2.62% 45.85

corporate inversions

Article Index

The Best Hope for Reducing Taxes... Isn't What You Think

By , Global Credit Strategist, Money Morning • @MichaelELewitt -

profit potential

It appears that the move by Warren Buffett-backed Burger King Worldwide Inc. to buy iconic Canadian fast food chain Tim Hortons Inc. (USA) and relocate to Canada to lower its corporate tax rate was the straw that broke the camel's back when it comes to tax inversion deals.

One has to wonder whether the wily Mr. Buffett was not only trying to make money but doing his best to accelerate much-needed tax reform when he agreed to finance BKW's expansion into the northland...

Full Story