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APR 29, 2014 - Huffington Post

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Pfizer Deal Would Mean Huge Loss Of Tax Revenue For U.S.

(Reuters) - A wave of tax-driven overseas deal-making by U.S. companies gained momentum with drugmaker Pfizer Inc's announcement on Monday that it had made takeover bids for UK rival AstraZeneca Plc , fueling political concerns about tax "reflagging" strategies. Pfizer said it wants to buy AstraZeneca and merge the two companies into a UK holding company with a UK tax domicile, while maintaining its operational headquarters in New York. It would likely be the largest deal ever done that included such a so-called tax "inversion." If a deal goes through - which is far from certain given ... Read More

Tags: Pfizer Deal Would Mean Huge Loss Of Tax Revenue For U.S.,  Multinational Corporation Latest News