The plan was disclosed today as part of Miami-based Burger King's $11 billion stock-and-cash deal to buy Tim Hortons Inc. (THI) and adopt that coffee chain's Canadian headquarters. The transaction is the first "inversion" announced since President Barack Obama called the strategy an "unpatriotic tax loophole" in late July and ordered regulatory changes to curb them. Rather than take shares in the new combined Canadian company, 3G Capital, an investment fund with offices in New York and Rio de Janeiro, will swap its majority stake in Burger King for interests in a related Canadian partnership that can be converted into stock, the companies said in a statement today. "Having the partnership units will defer taxes until an ultimate sale," Burger King Chief Executive Officer Daniel Schwartz said on a conference call with analysts today.
via Business News http://ift.tt/1BZuk0G
0 commentaires:
Enregistrer un commentaire