Marketplace Morning Report for Monday August 25, 2014
What's called a "Black Swan event" is when something hard to predict rears up and creates extreme havoc. Now, the man who runs an international umbrella organization for financial markets is quoted warning about future cyber attacks. Plus, there's word now of a possible merger between Burger King of Florida and Tim Horton's of Ontario, Canada. Reuters is reporting the deal, if it happens, would be move Burger King's tax headquarters out of the US using a controversial but legal tax maneuver known as an "inversion." These inversions allow corporations to escape high U.S. corporate taxes. But they also saddle shareholders with higher tax bills.
What’s called a “Black Swan event” is when something hard to predict rears up and creates extreme havoc. Now, the man who runs an international umbrella organization for financial markets is quoted warning about future cyber attacks. Plus, there’s word now of a possible merger between Burger King of Florida and Tim Horton’s of Ontario, Canada. Reuters is reporting the deal, if it happens, would be move Burger King’s tax headquarters out of the US using a controversial but legal tax maneuver known as an “inversion.” These inversions allow corporations to escape high U.S. corporate taxes. But they also saddle shareholders with higher tax bills.
