The American fast-food chain has agreed to merge with Canadian coffee and donut chain Tim Hortons. As a result, Burger King will become a Canadian company and will be able to take advantage of a lower corporate tax rate via a tax inversion.
Tax inversions have become a big corporate trend as companies seek to lower their tax bills. This time, though, we have a major household name company taking advantage of it and people have noticed.
Thousands of Burger King's 7 million-plus Facebook fans have called the fast-food restaurant and "traitor" and "un-American."
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