@WSJ reporter covering Warren Buffett/Berkshire, billionaires, wealth. Former M&A reporter. Cook. Run, spin, barre. Retweets are what they are.
RT @peterlauria3: The Burger King-Tim Hortons deal isn't about taxes..but it's really about taxes..buzzfeed.com/matthewzeitlin…
@PGunigantiAT Which the BK holding co. isn't... at least that's my understanding of why BRK gets taxed at 35%.
@PGunigantiAT because IRS dividend reductions are only offered for domestic dividends, and in this case the foreign tax credit doesn't apply
@PGunigantiAT holding cos don't pay taxes but dividends paid by them don't get foreign tax credit so taxed at full US rate 2/2
@PGunigantiAT believe it's going to be a canada-based holding co. w/ 2 operating subsidiaries. BRK is investing in the holdco 1/1
@PGunigantiAT Because its preferred is in a foreign holding company so it doesn't get foreign tax credit -- gets taxed as regular income.
Buffett's Berkshire to pay US taxes on its Burger King preferred stake; higher dividend to cover higher tax bill: on.wsj.com/1qJn688
Major scoopage fm @WSJ deals team on Burger King, breaking news of talks to buy Tim Hortons, now w/ Buffett angle Inc.on.wsj.com/1lsM1AU
RT @DanaMattioli: The plot thickens. Billionaire Warren Buffett is helping to finance Burger King's tax inversion deal. WSJ scoop coming soon
@katierosman Maybe you're amplifying his chances by sharing it on social media! But that's just really sad.
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