Industry a target as inversions revive talk of tax reform

08/29/2014
New talk in the US about tax reform should make oil and gas companies nervous. In what might or might not be part of a trend, Burger King has agreed to buy the Canadian coffee-and-donut chain Tim Hortons and move from Miami to Ontario. Announcement of the deal amplified political concern about tax inversion—in which US companies buy smaller outfits abroad and transfer headquarters to countries with lower corporate taxation. As incensed US lawmakers called for boycotts of Burger King, company executives denied tax considerations drove the acquisition. But the US does tax corporations at high rates in comparison with other industrialized countries, and executives have to respond. Tax invers...
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