Fitch Ratings: New tax rules won't stop Burger King–Tim Hortons merger

Fitch Ratings: New tax rules won't stop Burger King–Tim Hortons merger

Rating agency contends deal’s structure will meet new standards

A U.S. Treasury Department crackdown on tax inversion deals will be tested with Burger King’s proposed acquisition of Tim Hortons, but it will not likely prevent the deal, according to Fitch Ratings in a report this week.

On Monday, Treasury Department officials said the department plans to take action to reduce the economic benefits of corporate inversions and, when possible, to stop them altogether.

Treasury Secretary Jacob Lew also said that the department is urging

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