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Food & Drink

Burger King’s takeover of Tim Hortons may be bad news for Canadians

$355,000,000

—A conservative estimate of the amount of tax revenue that could be lost by the Canadian government over the next five years as a result of Burger King parent company 3G Capital’s plan to purchase Tim Hortons, according to the Canadian Centre for Policy Alternatives. (The less conservative estimate is $667 million.) In a study based on an analysis of the Brazilian firm’s past takeovers, the think tank concludes that the deal—which was approved by Canada’s Competition Bureau earlier this week—may have “overwhelmingly negative consequences for Canadians.”

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