Business

10 things to know about corporate inversions

By Stephen Ohlemacher
Published August 27, 2014 5:21pm ET
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10 things to know about corporate inversions
A Tim Hortons restaurant is seen on W. 26th Street in Millcreek Township, Pa., on Tuesday, Aug. 26, 2014. Burger King struck an $11 billion deal to buy Tim Hortons that would create the world's third largest fast-food company and could make the Canadian coffee-and-doughnut chain more of a household name around the world. (AP Photo/Erie Times-News, Christopher Millette) | Christopher Millette

WASHINGTON (AP) — Burger King is drawing a lot of flak over plans to shift its legal address to a foreign country by merging with Tim Hortons, the Canadian coffee-and-doughnut chain.

The transaction is called a corporate inversion, a maneuver that is becoming popular among companies looking to lower their tax bills.

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Corporate Inversion