Politics / ArcaMax

Burger King's merger with Tim Hortons could prompt tax fight in Congress

WASHINGTON -- Burger King's purchase of the Canadian doughnut chain Tim Hortons is raising new questions of whether Congress will respond by changing corporate tax laws. Democratic Sen. Carl Levin of Michigan said Burger King, based in Miami, is "renouncing its U.S. citizenship" and provides another example of why Congress must intervene "to put a stop to tax dodging." "If this merger goes through, there could well be a strong public reaction against Burger King that could more than offset any tax benefit it receives from a tax avoidance move," Levin said in a statement. Critics say the deal illustrates the danger posed by corporate "inversions," deals that allow large corporations to ...

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