Walgreens to Transfer Its Headquarters to Europe?

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Walgreens to Transfer Its Headquarters to Europe?

Post  News Hawk on Sun Jul 27, 2014 8:46 am

I’ve read that the Deerfield, Ill.,-based drugstore chain is considering becoming a Swiss corporation.

I’ll admit the thought of a company that is essentially an American icon becoming a foreign corporation gives me pause.

After all, Walgreens is one of Illinois’ premier companies.


It was founded here in 1901 and is headquartered in Deerfield, Ill.

And now they are talking about moving their headquarters to Switzerland.

Corporate taxes in Illinois and the United States are too high.

Way too high.

The United States has the highest corporate tax rates on the planet.

And, you guessed it, Illinois has one of the highest state corporate tax rates in the U.S.

http://watchdog.org/161692/walgreens-leaving-illinois-switzerland/

No


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Re: Walgreens to Transfer Its Headquarters to Europe?

Post  News Buzzard on Sun Jul 27, 2014 8:55 am

The real corporate tax rate is about 12.6%, but there are other taxes companies may avoid by headquartering overseas. It's an unpatriotic tax move, and the reason Congress should examine the tax code, but the Republicans in Congress don't want to do anything!

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Re: Walgreens to Transfer Its Headquarters to Europe?

Post  WHL on Sun Jul 27, 2014 9:00 am

Speaking of corporations, I am just amazed at this Market Basket situation.  I have never seen anything like this before.  Somebody somewhere had to have some kind of organization to get all these rallys going for Artie T.  I wish I knew the whole story.  Does anybody?

If you don't want me to hijack your thread, NH, I can start a new one.
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Re: Walgreens to Transfer Its Headquarters to Europe?

Post  News Hawk on Sun Jul 27, 2014 9:54 am

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Re: Walgreens to Transfer Its Headquarters to Europe?

Post  News Hawk on Tue Jul 29, 2014 10:20 am

News Buzzard wrote:The real corporate tax rate is about 12.6%, but there are other taxes companies may avoid by headquartering overseas. It's an unpatriotic tax move, and the reason Congress should examine the tax code, but the Republicans in Congress don't want to do anything!

It's "patriotic" to pay taxes?

What were the Founders thinking when they revolted against King George III?

 pale 


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