Walgreens.....
A US Corporation is doing the right thing. It is almost unbelievable.
President Obama might need to hold a press conference to acknowledge this incredible happening. Americans around the country will huddle in front of their TVs (jaws dropped) as Obama tells the story of a US corporation doing the right thing.
“My fellow Americans…. today something completely unprecedented has happened. A US Corporation did something that does not screw our great country..….Now please do not panic. This event does not signal the end of the world.”
http://money.cnn.com/2014/08/06/news/companies/walgreens-alliance-boots/
Walgreens says it will base its corporate offices in the Chicago area when it completes its acquisition of European drug store operator Alliance Boots.
Walgreens also said it was mindful of the public reaction to moving overseas (They must read my Facebook posts)
as well as the fact that a major portion of its revenue is derived from government-funded reimbursement programs. (Yes it doesn’t look good when companies happily take government money, but refuse to pay into the system)
initial reaction from investors was not pretty -- shares fell nearly 10% in premarket trading. (Wall Street DESPISES companies that do the right thing. It is hateful. It is unseemly. How dare they….)
A record number of companies have gone overseas this year in search of tax advantages. Nearly 50 moved in the first half of 2014, up from only 29 in the previous TWO DECADES)
A report from the Congressional Joint Committee on Taxes estimates that the U.S. will lose billions in tax revenue to inversions in the next 10 years. (Don’t worry folks…..they will just cut programs for the poor. It will all be fine.)
There has been a political outcry over the 'tax inversion' deals. Lawmakers in both parties agree that the system is broken (So fix it)
but disagree on what to do about it. (I got an idea….How about you fix it.)
President Obama recently called the practice unpatriotic. (I agree)
President Obama might need to hold a press conference to acknowledge this incredible happening. Americans around the country will huddle in front of their TVs (jaws dropped) as Obama tells the story of a US corporation doing the right thing.
“My fellow Americans…. today something completely unprecedented has happened. A US Corporation did something that does not screw our great country..….Now please do not panic. This event does not signal the end of the world.”
http://money.cnn.com/2014/08/06/news/companies/walgreens-alliance-boots/
Walgreens says it will base its corporate offices in the Chicago area when it completes its acquisition of European drug store operator Alliance Boots.
Walgreens also said it was mindful of the public reaction to moving overseas (They must read my Facebook posts)
as well as the fact that a major portion of its revenue is derived from government-funded reimbursement programs. (Yes it doesn’t look good when companies happily take government money, but refuse to pay into the system)
initial reaction from investors was not pretty -- shares fell nearly 10% in premarket trading. (Wall Street DESPISES companies that do the right thing. It is hateful. It is unseemly. How dare they….)
A record number of companies have gone overseas this year in search of tax advantages. Nearly 50 moved in the first half of 2014, up from only 29 in the previous TWO DECADES)
A report from the Congressional Joint Committee on Taxes estimates that the U.S. will lose billions in tax revenue to inversions in the next 10 years. (Don’t worry folks…..they will just cut programs for the poor. It will all be fine.)
There has been a political outcry over the 'tax inversion' deals. Lawmakers in both parties agree that the system is broken (So fix it)
but disagree on what to do about it. (I got an idea….How about you fix it.)
President Obama recently called the practice unpatriotic. (I agree)
posted by res17 at
August 06, 2014
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