Burger King tie-up sparks tax row

Burger King's takeover of Canada's Tim Hortons coffee and doughnut chain has drawn flack from tax critics.

US hamburger giant Burger King is buying Canadian coffee and doughnut chain Tim Hortons for $11.4bn. The deal creates the world's third-biggest fast-food restaurant group, with around $23bn in sales and 18,000 restaurants in 100 countries.

Warren Buffett's investment vehicle, Berkshire Hathaway, has provided $3bn of financing for the deal. The new group will be based in Canada, with each brand managed independently. But both Burger King and Buffett have come in for some flack.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.