Walgreens to Transfer Its Headquarters to Europe?

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/

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!