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Corporations Moving Out of the US [Copy link] 中文

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Post time 2014-7-28 00:17:15 |Display all floors
26 July 2014.

Corporations Move Out of the US - Goodbye Tax Base

Today I read a news article in USA Today about Walgreens.

I for one did not realize that Walgreens is the largest pharmaceutical chain the United States.

The article explains that the Walgreens chain started in Dixon, Illinois.

The company which now has 8,500 stores across the United States is making a decision about whether it should save billions of tax dollars by using a tax loophole called an inversion.

According to this article, the inversion loophole allows any company conducting its primary business in the United States to bypass major taxes by merging with or buying into another company located in a country with a lower tax base.

Walgreens may be buying controlling stock in Alliance Boots, commonly known throughout the UK as Boots UK, a pharmacy and more.

Even I have shopped there when in England, but had no idea that this was a Swiss owned company.

Additionally, it seems strange to me that the Swiss would have a lower tax rate than the United States.

The article discusses the fact that people in Dixon, Illinois are more than upset about this potential move, but this addresses a larger issue.

With so much political discussion about “Made in America”, bringing jobs home to the United States, and creating jobs, the unruly power of corporations allows them to manipulate all of these concepts by moving out of the United States further depleting the tax base.

Why isn’t somebody petitioning Congress to close this loophole?

According to the article this year alone multiple companies are planning their moves for the same reason.

These US corporations are getting away with billions of dollars.


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Post time 2014-8-1 19:45:06 |Display all floors

On 9-11-2001 they blew up World Trade Center Towers 1, 2 and 7 WITH CONTROLLED DEMOLITIONS.

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Post time 2014-8-3 10:52:14 |Display all floors
Walgreens isn't in Dixon IL. now. The corporate offices are in Northbrook IL.

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Post time 2014-8-3 10:54:00 |Display all floors
The Walgreens corporate offices are not in Dixon IL. which is a small town. Walgreens Corporate offices are located in the North Chicago suburb of Northbrook IL.

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Post time 2014-8-3 10:57:30 |Display all floors
Actually more companies are looking to return too America from overseas. Walgreens is an exception.

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Post time 2014-8-24 09:44:53 |Display all floors
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Post time 2017-8-20 22:07:01 |Display all floors
$ is transnational and dominates the consciousness of people. They sellout everything for $ these days.

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