Burger King chief executive officer Daniel Schwartz mentioned last month that his organization will not make "meaningful tax savings" as it expands its legal presence in Canada, but some tax experts have refuted the claim.
"If they don't see any tax benefits going forward, they are probably not looking very hard," Edward Kleinbard, a tax professor at the University of Southern California and a former partner at New York-based Cleary Gottlieb Steen & Hamilton, told St. Louis Today during a recent interview.
Several other tax analysts have also opposed Schwartz's claim.
Burger King is looking to adopt a new legal address in the North American country by acquiring an already-existent bakery chain that specializes in doughnuts.
The fast-food franchise, which is based in Miami and was founded in 1954, has recently experienced a growth in stock investment as news of a Canada expansion made headlines.
Despite Schwartz's claim, Burger King is expected to reduce its taxes because of Canada's lax regulations on multinational companies.
