CBS 2 - Search Results
Burger King Says It's Not Moving
MIAMI, FL (CBS2/FOX28) -- Amid mounting accusations of trying to dodge U.S. taxes, Burger King says it's not going anywhere. In a statement released on the company's Facebook page, leaders stated clearing they will keep the company's headquarters in Miami and will continue to pay all local, state and federal taxes.
Controversy eruption after it was announced Burger King would spend billions to purchase Tim Hortons. That triggered speculation that Burger King would move its headquarters to Canada, where Tim Hortons is based, in order to avoid higher American taxes.
Below is the full statement from Burger King:
We hear you. We’re not moving, we’re just growing and finding ways to serve you better.
As part of the announcement made today, both Burger King Corp. and Tim Hortons will continue to operate as independent brands. We’ll just be under common ownership. Our headquarters will remain in Miami where we were founded more than 60 years ago and business will continue as usual at our restaurants around the world.
The decision to create a new global QSR leader with Tim Hortons is not tax-driven – it’s about global growth for both brands. BKC will continue to pay all of our federal, state and local U.S. taxes.
We’re proud of the heritage of Burger King and will maintain our long-standing commitment to our employees, franchisees and the local communities we serve.
The WHOPPER isn’t going anywhere.