NEW YORK Aug 24 Burger King is in talks
to buy Canadian coffee and doughnut chain Tim Hortons Inc
in a deal that would be structured as a tax inversion
to move the hamburger chain's domicile out of the United States,
according to one person familiar with the matter.
The deal is not yet complete, and the person could not speak
to the possible timing for an agreement to be reached. The
person asked not to be identified.
Recent attempts by companies for tax inversion deals, which
are made to escape U.S. taxes and save money on foreign earnings
and cash held outside the United States, have drawn the
attention of some politicians, including President Barack Obama,
who criticized a "herd mentality" by companies seeking such
(Reporting by Chuck Mikolajczak; Editing by Leslie Adler)