Burger King May Be Moving Headquarters to Canada

Categories: Business

burgerkingbeach.jpg
Bye-bye, Burger King? One of Miami-Dade's biggest and perhaps most well-known corporate citizens may be moving to Canada.

According to the New York Times, Burger King confirmed yesterday that its pursuing a merger with Canadian coffee chain Tim Hortons that would see the fast-food chain moving its corporate headquarters from Miami-Dade to America's attic.

Tim Hortons is basically the Starbucks of Canada but with better doughnuts.

If the two companies merged, they would become the third-largest fast food company with a combined worth of $18 billion.

So why is BK thinking of heading up north? Taxes, apparently. The deal would be structured as a corporate inversion. That's a move where American companies buy a smaller, foreign-based company, relocate their headquarters, and then pay lower corporate income tax abroad.

Though, the Times points out BK currently pays a tax rate of about 27 percent and wouldn't save all that much by moving to Canada. However, the King is interested in Hortons for more than just tax reasons, and moving to Canada, they hope, would placate Canadian authorities who would have to approve of the deal. A final deal could be announced this week, though Burger King could walk away at any time.

Burger King was founded as a single restaurant in Jacksonville in 1953, and then moved it corporate headquarters to Miami in 1954. Just four years ago the restaurant was bought by Brazilian Investment firm 3G.

This isn't the first time Burger King has threatened to relocate. Back in 1999, the company thought about relocating to either Atlanta or Dallas, but former county Mayor Alex Penelas pleaded with the company to stay.

It's unclear what the deal could mean for Miami's local economy, or if Burger King would completely cease having any corporate presence in Miami. Its current headquarters employs roughly 2,000 people.

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81 comments
Mike Caruso Jr.
Mike Caruso Jr.

I cant imagine them staying in business in this country with all the other companies selling toxic crap why would any american still go to burger king ever again? Let them go it will be a good way to see what happens to companies that leave to avoid paying the fair share they should pay.

Jeffrey Black
Jeffrey Black

this just proves that the government does not care. The US would have BILLIONS more if they worked to keep companies in the US

Jj Hack Diaz
Jj Hack Diaz

GOOD!!! AND TAKE MCDONALD'S WITH YOU, DIRTBAGS!!!

Steve Atlas
Steve Atlas

But in today's story you say that they say that they're not going to move their HQ out of Miami. So yeah, leave up the rumor and innuendo story.

Stefano Alessio
Stefano Alessio

Hurray! I wish Murder King would relocate in Hades. Good bye and good riddance, bastardi.

Barb Pernaris
Barb Pernaris

Sucks for our economy, but with our corporate tax rates, the highest in the world, I can understand. (If I was a BK exec)

Marky Sammie
Marky Sammie

because Miami is so dangerous and there is so many black and latinos committing crimes out here and fort Lauderdale. they even got white people into a mess.

William Diehl
William Diehl

Its really pathetic, as a former employee BK, they pay horribly as it, and now the fat cat CEO's want to line their and the shareholder pockets more. Enough is enough. I am ashamed that they would do this. Have rarely gone back since I left. Will not ever return now.

Jhon A Cornejo
Jhon A Cornejo

Thats sad! Burger King moving to Canada is horrible. Im so tired of US companies moving overseas. :(

Kerry PMack
Kerry PMack

This is a business move to evade paying taxes in the USA while still raking in the profits. They are happy to take American money, but not pay their dues. #burgerking

Silver Sea
Silver Sea

Not sure why the best coffee chain would want to merge with the worst burger chain.

KR Meadows
KR Meadows

More taxes for you and me, less for them.

Talos Scalebalancer
Talos Scalebalancer

Hope they move, corp tax rate is way to high...and before attacking me...if there moving due to rate...look it up first..

Marie Delage
Marie Delage

Yazmine Granthon bossman sent an email late last night saying corporate is staying in miami. So no need to worry about relocating.

Carl Snyder
Carl Snyder

from one foreign country to another....

Chuck Farley
Chuck Farley

Should've done it a long time ago considering the retards embedded in the populace. I'd get sick of working with fuckinf monkeys all day too.

Steve Klare
Steve Klare

You can thank the highest corporate tax rates in the world.

Charles R. Whealton
Charles R. Whealton

If they're doing this, I hope they burn in hell. I'll never eat there again. Personally, I say get them out of the United States if they pull sleazy garbage like that. Just get them out.

Kammie Whitaker
Kammie Whitaker

Man fck Burger King. They food sucks n they business practices do too smdh

Joseph Mazon
Joseph Mazon

We won't miss them, but I doubt Canadians will enjoy it :)

Esteban de la Ossa
Esteban de la Ossa

I never go there, but I'm still boycotting and telling others to do it as well. These companies want to make bog dollars and pay no taxes. #unpatriotic

whateveryousay
whateveryousay topcommenter

So, our government creates these regulations and when these regulations are followed by companies people are upset with the companies...?

Our government is pretty effed.

Franco Lopez
Franco Lopez

Don't let the door hit your ass on the way out.

GatorSM
GatorSM

That is an ignorant statement if I ever heard one


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