It used to be the opposite for exactly the same reasons. Canada has come a long way. So Has the US…
Coffee and doughnut chain Tim Hortons Inc. is seeking to reorganize as a Canadian company in a bid to save taxes and expand more easily internationally.
“Management and the board believe that the proposed reorganization would be in the best interests of the company and our stockholders by creating operational and administrative efficiencies over the long-term, enhancing the company’s ability to expand in Canada and internationally, and improving the company’s position to take advantage of lower Canadian tax rates commencing in the year following implementation,” the company said in its statement Monday.
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