Even before Burger King splashed its inversion scheme, its CEO, Daniel Schwartz, created quite the buzz in his first year.
Thanks to a successful restructuring of the company, BK has nearly doubled its net income and increased same store sales by 2%.
While the company’s performance warrants the positive PR, the majority of articles focus on a non-financial number …
This one is too good to be true.
Burger King is planning to buy Tim Hortons – a Canadian coffee-and-doughnut chain.
Forget for a second that this is 2014 and doughnuts are, shall we say, a bit out of fashion,
Conventional wisdom is that BK isn’t strategically driving thru the doughnut hole left by Krispy Kreme’s woes.
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Though the company denies it, BK seems aimed at turning things upside down tax=wise.
You know, “invert” itself into a Canadian company so that it doesn’t have to pay U.S. taxes on money it earns outside the boundaries of the U.S.
Here’s where things start to get interesting ….
The Homa Files 