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Burger King CEO Says Merger Not Tax Driven

Burger King’s Chief Executive on Tuesday said the decision to merge with Canadian firm Tim Hortons was not an effort to avoid U.S. corporate taxes by moving the fast-food giant’s headquarters north of the U.S. border.

In a posting on Facebook in response to growing criticism of the deal, CEO Daniel Schwartz said: “We hear you. We’re not moving, we’re just growing and finding ways to serve you better.”

Schwartz said the two companies will continue to operate as independent brands, just under common ownership, and that Burger King’s headquarters will remain in Miami.

“The decision to create a new global (quick service restaurant) leader with Tim Hortons is not tax-driven – it’s about global growth for both brands. BKC will continue to pay all of our federal, state and local U.S. taxes,” Schwartz added.

Read more: Fox Business

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