- Aug 12, 2009
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Last year, Burger King paid an effective tax rate of 27.5% (in the US), and Tim Hortons paid an effective tax rate of 28% (in Canada).
Pretending that the merger is because of tax reasons is just silly.
Pretending that you know the truth from what you read and they are idiots who didn't think it through is just silly.
I don't think Burger King are "idiots who didn't think it through". I'm sure they did think it through.
On the other hand, I think everyone who believes the purpose of the merger was to avoid taxes are idiots who didn't think it through.