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The King Defects!
https://gladerebooted.net/viewtopic.php?f=8&t=11069
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Author:  Rorinthas [ Wed Aug 27, 2014 7:14 pm ]
Post subject:  The King Defects!

Spoiler:
Quote:
With a rate less than half of that imposed by the United States, fast food giant Burger King is reportedly considering buying a coffee chain based in Canada that would allow it to take advantage of the reduced corporate tax burden.


As various nations with lower taxes provide appealing options to companies based in the U.S., so-called tax inversions are becoming all the more popular. The proposed Burger King deal would not only expand the chain’s reach, thus creating the world’s third-biggest fast food brand; it would provide the corporation with a money-saving Canadian tax base. Investors apparently liked the news, too, as Burger King saw its stock prices soar Monday. Barack Obama, however, has repeatedly admonished companies hoping to find a way around America’s high taxes, which often make basing businesses in the U.S. financially unfeasible. Earlier this month, Business Insider reported that Obama’s Treasury Department threatened executive action to prevent such deals from taking place. Without naming Burger King by name, White House Press Secretary Josh Earnest weighed in on reports of “a specific financial transaction that is being contemplated by a specific American company.” While he said he was “not in a position” to speak about any individual case, he did make some general comments. “The president doesn’t believe that a company simply switching their citizenship to avoid paying their fair share in U.S. taxes is good policy,” he said, alleging that it “isn’t fair to the millions of middle class families in this country that don’t have that option.”

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Obama is not the only Democrat hoping to punish corporations hoping to avoid confiscatory taxes. Ohio Sen. Sherrod Brown criticized Burger King’s move this week, calling for a consumer boycott of the company.

“Burger King’s decision to abandon the United States means consumers should turn to Wendy’s Old Fashioned Hamburgers or White Castle sliders,” he suggested.

Citing the chain’s longstanding promise that customers can have it their way, Brown asserted that “my way is to support two Ohio companies that haven’t abandoned their country or customers.”


Read more at http://www.westernjournalism.com/democr ... IChEwft.99


If Sharrod Brown wants me to eat less Whoppers, that's a good enough reason to eat them for me. So ultimately, do we learn our lesson, or do we just find punitive ways to alienate them further?

Author:  Müs [ Wed Aug 27, 2014 8:33 pm ]
Post subject: 

It it legal? Yes? **** Sharrod Brown.

Maybe if we made our corporate tax tables more palatable, we wouldn't have this kind of thing.

Author:  shuyung [ Wed Aug 27, 2014 10:34 pm ]
Post subject: 

Obviously, the solution is to forcibly annex all countries with lower tax rates than the US.

Author:  Xequecal [ Wed Aug 27, 2014 11:18 pm ]
Post subject:  Re: The King Defects!

From what I've read, this wasn't even done for tax reasons. Canada has much lower taxes, but they tax all worldwide profits, unlike the US which just taxes US profits. Burger King has a lot of stores in other countries that aren't taxed at all under US laws but will be in Canada.

Author:  Talya [ Thu Aug 28, 2014 5:51 am ]
Post subject:  Re: The King Defects!

Quote:
Tim Hortons Inc. is about to take the driver’s seat, not sell out to the Americans, in a potential takeover by Burger King Worldwide Inc., industry expert Tom Pirko says.

Mr. Pirko, president of the food and beverage company advisory firm Bevmark LLC, said the combined company would have a lot of advantages – size being the most obvious. A less obvious advantage to Americans, who are much more familiar with Burger King, is the chance to combine forces with a well-managed chain with fierce brand loyalty north of the border, he said.

“Americans tend to think, ‘Oh, an American company bought or is merging with a smaller Canadian company.’ The reverse is true here,” he said. “The real power in this deal lies with the Canadian side.”

Mr. Pirko said he’s very impressed with Tim Hortons, which sells eight out of 10 cups of coffee in Canada. Partnering with Burger King will help the company earn brand recognition in the U.S., a crucial step in its expansion plan.

Mr. Pirko said he wouldn’t be surprised to see Burger King start to sell Tim Hortons coffee and doughnuts to compete with McDonald’s Corp., which has taken some market share from Tim’s by promoting its own coffee. “There’s probably a way to co-market items at both,” he said.

On Sunday night, the companies confirmed they are in talks for Burger King to buy the Canadian coffee and doughnut chain. The combined company would have its headquarters in Canada and would form the third-largest fast food company in the world, according to the release.

The news sent both companies’ stocks soaring. Shares of Tim Hortons on the Toronto Stock Exchange soared 19.26% to close at $82.03 Monday, while Burger King’s shares rose 19.51% to US$32.40.


I look forward to being able to get Timmy's coffee on road trips. Right now the chain exists through Ohio, but once I get through Cincinatti into Kentucky, I'm stuck with McDonald's coffee.

Author:  FarSky [ Thu Aug 28, 2014 8:10 am ]
Post subject:  Re: The King Defects!

The Burger King thing is an act of aggression against our Canadian neighbors. Please recognize that this was not an act of war sanctioned by the nation, but instead a lone rogue group.

Author:  Kaffis Mark V [ Thu Aug 28, 2014 8:21 am ]
Post subject: 

Hmm. Sherrod Brown wants me to boycott? Sounds like a good excuse to go have some chicken fries tomorrow.

Author:  Talya [ Thu Aug 28, 2014 9:39 am ]
Post subject: 

Let's assume that this is a tax dodge. Channel your outrage, vent, yell and scream your patriotic nonsense.

Now shut the **** up. If it IS a tax dodge, and it works, Burger King is doing the right thing. They have no moral obligation to stay in a place with higher taxes to support wasteful spending and government excess. They DO have a moral obligation to provide the absolute maximum possible return on investment for their shareholders. If companies start to do this en masse, maybe it's a sign your taxes are too bloody high.

Author:  Rorinthas [ Thu Aug 28, 2014 10:06 am ]
Post subject:  Re: The King Defects!

Müs wrote:
**** Sharrod Brown.



Kaffis Mark V wrote:
Hmm. Sherrod Brown wants me to boycott? Sounds like a good excuse to go have some chicken fries tomorrow.

Your ideas intrigue me and I wish to subscribe to your newsletter

Author:  Talya [ Thu Aug 28, 2014 10:07 am ]
Post subject:  Re: The King Defects!

Vox.com wrote:
1) What is Tim Hortons?
Tim Hortons is Canada's largest restaurant chain. With more than 3,600 locations across the country, that works out to one Tim Hortons for every 9,500 Canadians. (By contrast, Starbucks maintains a paltry one coffee shop for every 28,000 Americans).

Tim Hortons is ubiquitous in Canada. Canadians spend an average of $150 at Tim Hortons annually, higher than spending at any other store. As of 2008, it controlled 62 percent of the country's coffee market. Some researchers use the proximity of the nearest Tim Hortons to measure whether an area of Canada is rural or not. Really.

2) Who is Tim Horton?
A real person, to start.

Before he was known for a massively successful coffee and donuts chain, Tim Horton was a professional hockey player. Yes, this story is really that Canadian.

Born in Ontario, he spent most of his career with the Toronto Maple Leafs; for decades, he held the record for most consecutive games played for the team (486, to be exact). In the middle of his hockey career, Horton got into the franchise business, opening his first store in April 1964 under the name Tim Donut.

3) How popular is Tim Hortons in Canada?

It's popular, and ingrained in national culture in a way to that's difficult to compare to any fast food chain in the United States.

Tim Hortons finds itself into official Canadian moments with shocking ease. Like take the time that the Royal Canadian Mint wanted to distribute a new, commemorative quarter in 2004. It distributed that new coin exclusively through Tim Hortons locations. Let that sink in: the federal government was distributing new currency through a donut shop chain. You couldn't go to a bank and get this quarter; you had to go to Tim Hortons.

The Canadian Oxford Dictionary has added the phrase "double-double" to its list — that would be Tim Hortons-speak for a coffee with two creams and two sugars. When former Secretary of State Condoleezza Rice visited Canada in 2006, the foreign minister took her to a Tim Hortons for coffee.

"The chain is celebrated as a 'national institution' and is connected to broader ideas of cultural identity, an iconic status only partially connected to memories of Tim as a Canadian hero," University of Toronto sociologist Steve Penfold writes in his book, "The Donut: A Canadian History."

In that book, Penfold quotes one independent donut shop owner on the popularity of Tim Hortons: "They'll go anywhere," he says. "They could survive in the middle of Lake Ontario."

Maybe it's the quality of the coffee (there 's a longstanding rumor in Canada that Timmy's puts nicotine in its coffee to make it addictive, which has, unsurprisingly, turned out to be false). Or maybe it's the donuts. But the significance of Tim Hortons seems to really come down to its place as a long-standing, home-grown business that is everywhere in Canada.

4) Isn't a little sad that Canadians are so enthusiastic about a donut store?

Is it sad that Americans get prideful about apple pie? We all have our national icons and, in Canada, Tim Hortons is one of them.

Canada is a relatively small country that shares a border with one of the world's largest; it's easy for Canadian culture to get overwhelmed by American brands.

And Tim Hortons is a rare exception to that trend. Because of it, Starbucks has barely been able to get a foothold in the Canadian coffee market (it's the second largest coffee chain in Canada, but only holds 7 percent of the market). Even when you live in Canada, it's rare to see a homegrown brand that is so dominant.

More than a coffee shop, Tim Hortons is something that feels uniquely Canadian — in a way not many outlets (not really much of anything, for that matter) do. The vast majority of large chains in Canada are American, perhaps with a little homage to their newly-annexed land. Breakfast chain Denny's, for example, replaces the apostrophe in its name with a maple leaf in signage at Canadian locations; Pizza Hut uses the same maple leaf to dot the "i" in pizza.

But that's not the case with Tim Hortons: it's a massively successful, homegrown, definitely Canadian success. One that could soon have uniquely un-Canadian ownership.


They act like this is a new thing. From 1995 to 2002, Tim Horton's was wholy owned by Wendy's restaurants.

Author:  Rorinthas [ Thu Aug 28, 2014 10:18 am ]
Post subject:  Re: The King Defects!

Yeah

Author:  Kaffis Mark V [ Thu Aug 28, 2014 10:33 am ]
Post subject: 

I can still think of two or three locations that are dual Wendy's Tim Horton's locations. I wonder what will happen to those franchises with BK ownership.

Author:  Talya [ Thu Aug 28, 2014 10:44 am ]
Post subject:  Re:

Kaffis Mark V wrote:
I can still think of two or three locations that are dual Wendy's Tim Horton's locations. I wonder what will happen to those franchises with BK ownership.


There's still a lot of those up here, too.

Author:  Talya [ Thu Aug 28, 2014 10:51 am ]
Post subject: 

I need coffee, now.

Author:  Midgen [ Thu Aug 28, 2014 11:16 am ]
Post subject: 

So, wait...

Nitefox is moving to Canadia?

I'm so confused....

Author:  Talya [ Thu Aug 28, 2014 11:29 am ]
Post subject: 

I, for one, welcome our new caffeinated king... wait... no. **** off!

Author:  Rorinthas [ Thu Aug 28, 2014 6:56 pm ]
Post subject:  Re: The King Defects!

Here's to you, Sharrod!
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Author:  Diamondeye [ Thu Aug 28, 2014 8:24 pm ]
Post subject: 

Maybe this will improve the quality of coffee at Burger King.

Author:  Nitefox [ Thu Aug 28, 2014 8:52 pm ]
Post subject:  Re: The King Defects!

What's this all aboot?

Author:  Jasmy [ Fri Aug 29, 2014 1:20 am ]
Post subject:  Re: The King Defects!

eh??

Author:  Raell [ Mon Sep 08, 2014 4:19 am ]
Post subject:  Re: The King Defects!

Talya wrote:
Quote:
Tim Hortons Inc. is about to take the driver’s seat, not sell out to the Americans, in a potential takeover by Burger King Worldwide Inc., industry expert Tom Pirko says.

Mr. Pirko, president of the food and beverage company advisory firm Bevmark LLC, said the combined company would have a lot of advantages – size being the most obvious. A less obvious advantage to Americans, who are much more familiar with Burger King, is the chance to combine forces with a well-managed chain with fierce brand loyalty north of the border, he said.

“Americans tend to think, ‘Oh, an American company bought or is merging with a smaller Canadian company.’ The reverse is true here,” he said. “The real power in this deal lies with the Canadian side.”

Mr. Pirko said he’s very impressed with Tim Hortons, which sells eight out of 10 cups of coffee in Canada. Partnering with Burger King will help the company earn brand recognition in the U.S., a crucial step in its expansion plan.

Mr. Pirko said he wouldn’t be surprised to see Burger King start to sell Tim Hortons coffee and doughnuts to compete with McDonald’s Corp., which has taken some market share from Tim’s by promoting its own coffee. “There’s probably a way to co-market items at both,” he said.

On Sunday night, the companies confirmed they are in talks for Burger King to buy the Canadian coffee and doughnut chain. The combined company would have its headquarters in Canada and would form the third-largest fast food company in the world, according to the release.

The news sent both companies’ stocks soaring. Shares of Tim Hortons on the Toronto Stock Exchange soared 19.26% to close at $82.03 Monday, while Burger King’s shares rose 19.51% to US$32.40.


I look forward to being able to get Timmy's coffee on road trips. Right now the chain exists through Ohio, but once I get through Cincinatti into Kentucky, I'm stuck with McDonald's coffee.



We have had them in Michigan for a long time now.

Author:  Kairtane [ Mon Sep 08, 2014 8:43 am ]
Post subject:  Re: The King Defects!

Raell wrote:
Talya wrote:
Quote:
Tim Hortons Inc. is about to take the driver’s seat, not sell out to the Americans, in a potential takeover by Burger King Worldwide Inc., industry expert Tom Pirko says.

Mr. Pirko, president of the food and beverage company advisory firm Bevmark LLC, said the combined company would have a lot of advantages – size being the most obvious. A less obvious advantage to Americans, who are much more familiar with Burger King, is the chance to combine forces with a well-managed chain with fierce brand loyalty north of the border, he said.

“Americans tend to think, ‘Oh, an American company bought or is merging with a smaller Canadian company.’ The reverse is true here,” he said. “The real power in this deal lies with the Canadian side.”

Mr. Pirko said he’s very impressed with Tim Hortons, which sells eight out of 10 cups of coffee in Canada. Partnering with Burger King will help the company earn brand recognition in the U.S., a crucial step in its expansion plan.

Mr. Pirko said he wouldn’t be surprised to see Burger King start to sell Tim Hortons coffee and doughnuts to compete with McDonald’s Corp., which has taken some market share from Tim’s by promoting its own coffee. “There’s probably a way to co-market items at both,” he said.

On Sunday night, the companies confirmed they are in talks for Burger King to buy the Canadian coffee and doughnut chain. The combined company would have its headquarters in Canada and would form the third-largest fast food company in the world, according to the release.

The news sent both companies’ stocks soaring. Shares of Tim Hortons on the Toronto Stock Exchange soared 19.26% to close at $82.03 Monday, while Burger King’s shares rose 19.51% to US$32.40.


I look forward to being able to get Timmy's coffee on road trips. Right now the chain exists through Ohio, but once I get through Cincinatti into Kentucky, I'm stuck with McDonald's coffee.



We have had them in Michigan for a long time now.


They don't exist south of Columbus. Lucky for me, there's one about 6 blocks from my house.

Author:  Rorinthas [ Mon Sep 08, 2014 7:38 pm ]
Post subject: 

<---- Home of the Last TH in the 75 corridor.

Author:  Kaffis Mark V [ Mon Sep 08, 2014 10:24 pm ]
Post subject:  Re:

Rorinthas wrote:
<---- Home of the Last TH in the 75 corridor.

Going south? Because there's several in the Dayton area. Unless you moved south of me and I didn't notice...

Author:  Rorinthas [ Tue Sep 09, 2014 6:24 am ]
Post subject:  Re: The King Defects!

Thats odd. I never saw one in all my time there. Actually im moving north but that's not here or there.

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