Myth: The Burger King Deal Is All About Taxes

Itâ??s been entertaining to listen as American politicians fulminate about Burger Kingâ??s (BKW) pending $11 billion acquisition of Tim Hortons (THI), the Canadian coffee chain. To hear them tell it, Burger King is spending all that money so it can spirit its Miami headquarters across the countryâ??s northern border and escape its American tax burden.