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A graffiti with the logo of the Olympic Games on a wall of Rio de Janeiro, Brazil, on June 4, 2016.Yasu stanley cup yoshi Chiba鈥擜FP/Getty ImagesBy Katie ReillyJune 18, 2016 9:58 AM EDTThe International Olympic Committee said it welcomes and fully supports the decision to ban Russia track and field team from competing in the Summer Olympic Games in Rio de Janeiro due to revelations about a state-sponsored doping program.The International Associa stanley cup tion of Athletics Federations announced the decision to ban Russian athletes on Friday. In a statement released Saturday after a teleconference stanley cup of IOC executives, the committee said it respects the decision, seemingly eliminating the possibility that it would try to change or overrule the ban, the Associated Press reported.The eligibility of athletes in any international competition including the Olympic Games is a matter for the respective international federation, the statement said.The IOC also said it would expand efforts to ensure a level playing field for all Olympic athletes this summer, the AP reported.More Must-Reads from TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 ElectionMel Robbins Will Make You Do ItWhy Vinegar Is So Good for YouYou Dont Have to Dread the End of Daylight SavingThe 20 Best Halloween TV Episodes of All TimeMeet TIMEs Newest Class of Next Generation LeadersWrite to Katie Reilly at Katie.Reilly@time Clla Former Trump Aide Sam Nunberg: Russia Probe Is Not a Witch Hunt
By Alexis HaukAugust 24, 2014 10:33 PM EDTBurger King may soon announce a whopper of a deal aimed at lowering its taxes by moving the 60-year-old company base outside the U.S., according to a new report.Citing unnamed sources, the Wall Street Journal reported Sunday that Burger King Worldwide Inc. was in talks to buy Canadian donut chain Tim Hortons. The move would allow the hamburger establishment to reincorporate in Canada.Though legal, the practice known as tax inversion has been criticized in some government circles as a loophole for mega-companies in the U.S. to avoid paying a fair share of taxes for income earned outside the country. Burger King has 13,000 stores in 98 countries, making for a large chunk of international earnings.Just last month, President Obama had harsh words for this kind of ma mizuno neuver. These companies are cherry-picking the rules. And it damages the countryrsquo finances, he said.But it might not be taxes alone that sweeten the deal for Burger King, if the Hortons acquisition goes through. BK top competitor, McDonalds, has enjoyed success with its own cafe brand McCafe mdash; and the Canadian coffee and donut perveyor could give a boost to the King appeal at breakfast time, WSJ reports.[W air max 1 SJ]More Must-Reads from TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 Ele air max ctionMel Robbins Will Make You Do ItWhy Vinegar Is So Good for YouYou Dont
A graffiti with the logo of the Olympic Games on a wall of Rio de Janeiro, Brazil, on June 4, 2016.Yasu stanley cup yoshi Chiba鈥擜FP/Getty ImagesBy Katie ReillyJune 18, 2016 9:58 AM EDTThe International Olympic Committee said it welcomes and fully supports the decision to ban Russia track and field team from competing in the Summer Olympic Games in Rio de Janeiro due to revelations about a state-sponsored doping program.The International Associa stanley cup tion of Athletics Federations announced the decision to ban Russian athletes on Friday. In a statement released Saturday after a teleconference stanley cup of IOC executives, the committee said it respects the decision, seemingly eliminating the possibility that it would try to change or overrule the ban, the Associated Press reported.The eligibility of athletes in any international competition including the Olympic Games is a matter for the respective international federation, the statement said.The IOC also said it would expand efforts to ensure a level playing field for all Olympic athletes this summer, the AP reported.More Must-Reads from TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 ElectionMel Robbins Will Make You Do ItWhy Vinegar Is So Good for YouYou Dont Have to Dread the End of Daylight SavingThe 20 Best Halloween TV Episodes of All TimeMeet TIMEs Newest Class of Next Generation LeadersWrite to Katie Reilly at Katie.Reilly@time Clla Former Trump Aide Sam Nunberg: Russia Probe Is Not a Witch Hunt
By Alexis HaukAugust 24, 2014 10:33 PM EDTBurger King may soon announce a whopper of a deal aimed at lowering its taxes by moving the 60-year-old company base outside the U.S., according to a new report.Citing unnamed sources, the Wall Street Journal reported Sunday that Burger King Worldwide Inc. was in talks to buy Canadian donut chain Tim Hortons. The move would allow the hamburger establishment to reincorporate in Canada.Though legal, the practice known as tax inversion has been criticized in some government circles as a loophole for mega-companies in the U.S. to avoid paying a fair share of taxes for income earned outside the country. Burger King has 13,000 stores in 98 countries, making for a large chunk of international earnings.Just last month, President Obama had harsh words for this kind of ma mizuno neuver. These companies are cherry-picking the rules. And it damages the countryrsquo finances, he said.But it might not be taxes alone that sweeten the deal for Burger King, if the Hortons acquisition goes through. BK top competitor, McDonalds, has enjoyed success with its own cafe brand McCafe mdash; and the Canadian coffee and donut perveyor could give a boost to the King appeal at breakfast time, WSJ reports.[W air max 1 SJ]More Must-Reads from TIMEHow the Economy is Doing in the Swing StatesHarris Battles For the Bro VoteOur Guide to Voting in the 2024 Ele air max ctionMel Robbins Will Make You Do ItWhy Vinegar Is So Good for YouYou Dont