Buffett puts shareholders ahead of patriotism in Canadian deal

mardi 26 août 2014

Berkshire Hathaway CEO Warren Buffett listens to a shareholder at the Berkshire-owned Borsheims jewelry store where Buffett was selling jewelry as part of the company annual meeting weekend in Omaha Warren Buffett may be most famous for the billions of dollars he has made from investing but he is also well known as a cheerleader for the United States. The Oracle of Omaha routinely exhorts investors to put their money in America, "the mother lode of opportunity," as he wrote in his annual letter this year. So Buffett's participation in fast-food chain Burger King Worldwide Inc's purchase of coffee and doughnut chain Tim Hortons Inc – complete with relocation of Burger King's domicile to Canada – might at first blush raise questions about his patriotism. Investors and tax experts say Miami-based Burger King's move to Canada through a so-called tax inversion will help curb its U.S.








via Business News http://ift.tt/1q3Eb0v

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