From my good friend Kate in a post at small dead animals:
Tim Hortons to fold U.S. business into Canadian entity
The company has filed a notice with the US Securities and Exchange Commission stating that it wants to reorganize itself as a “Canadian public company” in order to take advantage of decreasing Canadian corporate tax rates.
The reorganization would regroup the company’s U.S. and Canadian business units under a single entity incorporated under Canada’s federal company statute, the Canada Business Corporations Act.
Just another example of the unintended consequences of Obama’s stimulus plan. Companies are being stimulated to move out of the United States.










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