The donut drain

Tim Hortons wants to become a Canadian company


 

Long the darling of Canadian donut eaters, Tim Hortons Inc. is about to make things official by headquartering itself in the country that loves its products. The firm filed an application with the U.S. Securities and Exchange Commission to reorganize as a Canadian public company, which in retrospect seems long overdue. Fully 2,930 of the chain’s outlets are in Canada, compared to 527 in the U.S., where it has failed to unseat established rivals like Dunkin’ Donuts. The company is citing reductions in corporate taxes in Canada for the reason behind the move.

Associated Press


 
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The donut drain

  1. I wonder if Obama has heard of John Galt because I bet we are going to be reading lots of stories like this. And I was shocked to read that an American corp was coming here for lower taxes. I am quite impressed, and shocked, with that. Who knew?

    • Who is John Galt?