Burger King set to buy donut chain, Tim Hortons

MIAMI, Fla.-- Burger King confirmed Tuesday it will buy Canadian donut chain, Tim Hortons.  The merger, which is said to be worth $11 billion will be financed by Warren Buffett's Berkshire Hathaway company.

However, the billionaire and his company won't have anything to do with daily operations once the fast food restaurant takes over. 

Burger King will still run its business out of Miami; but the new merged company's corporate headquarters will be in Canada. 

This decision has had many wondering if this will help Burger King avoid some of the US taxes it normally has to pay.  Taxes on corporations are lower in Canada.  

If that is the case, it may upset many customers and politicians.

These mergers will also help Burger King make bigger gains in the fast food breakfast wars, creating the world's third largest fast food company.


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