Posted on 09/26/2009 8:29:12 AM PDT by underthestreetlite
The repatriation of the Timbit was held up by Prime Minister Stephen Harper and Tim Hortons executives Wednesday as a shining example of low corporate tax rates luring business to Canada.
The homegrown coffee giant has not technically been a Canadian company for years, but Tim Hortons Inc. is reorganizing as a Canadian public company after 99 per cent of shareholders voted Tuesday in favour of bringing the iconic coffee company back home from the U.S.
The chain so ubiquitous north of the border had been registered in Delaware for nearly 15 years as a result of its purchase by U.S. burger chain Wendy's in the 1990s.
At an event at the company's Oakville, Ont., headquarters, west of Toronto, Harper credited lower corporate taxes for luring Tim Hortons back to the Canadian fold.
(Excerpt) Read more at canadianbusiness.com ...
"This decision, ladies and gentlemen, is all about the bottom line, and the bottom line is that Canada is now not just a great place to live, it's a great place to invest and to do business," said Harper, who admitted earlier he doesn't really drink coffee."
Tim Hortons needs an apostrophe.
“Canada is now not just a great place to live, it’s a great place to invest and to do business”
Unless you need a hospital or doctor.
One would think, right? However, the company removed the apostrophe to accomodate the Francophones.
may be that’s why they moved to Canada - to get a free government subsidized apostrophe :)
“However, the company removed the apostrophe to accomodate the Francophones.”
Oh.
Thank you. I didn’t know.
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