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Tuesday, September 23, 2014

U.S. Treasury moves against tax-avoidance 'inversion' deals, (NYSE: BKW), (NYSE: THI), (TSE: THI.TO)

Moving against tax avoidance by corporations, the Obama administration took several actions on Monday to curb "inversion" deals that allow companies to escape high U.S. taxes by reincorporating abroad.The Treasury Department announced new rules, effective immediately, that will reduce the tax benefits available to companies that have inverted, while also making new inversions more difficult to do and less potentially rewarding.Because they took effect on Monday, the new rules might raise issues for some of a handful of companies that have agreed to do inversions, but have not yet completed them.Fast-food chain Burger King Worldwide Inc is in the midst of inverting to Canada in a deal with coffee-and-donuts vendor Tim Hortons Inc. A spokeswoman for Burger King said the company declined to comment.

Burger King Worldwide, Inc. is a fast food hamburger restaurant, under the Burger King brand. Shares of BKW fell by 0.48% or $-0.15/share to $31.06. In the past year, the shares have traded as low as $18.86 and as high as $34.20. On average, 1728950 shares of BKW exchange hands on a given day and today's volume is recorded at 1943807.

Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI fell by 0.56% or $-0.45/share to $80.14. In the past year, the shares have traded as low as $50.67 and as high as $82.16. On average, 1061590 shares of THI exchange hands on a given day and today's volume is recorded at 1702525.

Tim Hortons Inc., is a quick service restaurant in North America. Shares of THI traded higher by 1.92% or $1.66/share to $88.13. In the past year, the shares have traded as low as $56.12 and as high as $89.99. On average, 861251 shares of THI.TO exchange hands on a given day and today's volume is recorded at 1173034.



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