Have It Your Way, Aye

 By Derek Hunter

The home of the Whopper is moving to Canada, but the Miami-based corporation that brought you such savory selections as the chicken fries (which is back by “popular” demand) did not decide to relocate for the weather and the Mounties. Instead, Burger King is pursuing a tax inversion, a process by which a domestic company merges with a foreign corporation to relocate abroad and take advantage of the foreign country’s lower corporate tax rate. Burger King is eloping with Canada’s donut and coffee shop of choice, Tim Horton’s, and the new combined entity will only face a 26% corporate tax rate in Canada, as compared to 35% in the U.S.

While President Obama has dubbed Burger King, and other inversion offenders, as “unpatriotic”, Bloomberg Business week discusses the tax inversion’s growing popularity with companies in many different industries.