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If Walgreen Co. moves its HQ to Europe, blame Washington's tax failure
Chicago Tribune ^ | 04/26/2014

Posted on 04/26/2014 10:19:10 AM PDT by SeekAndFind

Edited on 04/26/2014 10:29:14 AM PDT by Admin Moderator. [history]

The Swiss cuckoo clock is ticking for Congress and White House to give tax reform more than lip service.

The Walgreen Co. drugstore chain got its start nearly a century ago in downstate Dixon, Ill., before moving its corporate headquarters to Chicago and eventually to north suburban Deerfield.


(Excerpt) Read more at articles.chicagotribune.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: hq; switzerland; taxes; walgreen
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To: COBOL2Java

All due respect Mr President reason why Walgreens was founded the owner who was phamrcist was looking for cure for malaria
Have Obama ever read Charles Walgreen bio on Wineperia very interesting

Later on his grandson Justin Deyes became friend with Ronald Reagan was part of so called Kitchen cabinet back in early 1970s also became friend with nice BRIT MP Margret Thatcher who went on to be Brit PM


21 posted on 04/26/2014 12:09:47 PM PDT by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: null and void
Just when I thought I couldn't be more surprised....companies are PENALIZED for not leaving the US?

So we suffer from the loss of job opportunities and all the positives a well-run corporation brings to its communities. Meanwhile, the CEOs will still collect their huge salaries and bonuses. Shareholders will still get dividends. And even more US citizens will get free ObamaPhones and food stamps and never be able to pay off their student loans.

Wow

22 posted on 04/26/2014 12:20:39 PM PDT by grania
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To: null and void

Walgreens is doing very well in America and it seems Europe. If they don’t want to pay US taxes on foreign profits then keep them abroad in European banks. Same as Apple does. Same as other US corporations like to do

And I disagree with your logic. The Luxemburg drug chain and Walgreens are taxed the same in Luxemburg. Walgreens should take those profits and invest them abroad. No need to repatriate the money and be taxed too much according to you


23 posted on 04/26/2014 12:58:58 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

By all means keep that money out of America!


24 posted on 04/26/2014 3:02:27 PM PDT by null and void ( They don't think think they are above the law. They think they are the law.)
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To: null and void
By all means keep that money out of America!

It can bring it into America to be distributed to stockholders. But Walgreen's will have to pay 15% tax to do so. Like I said.....  I could care less if a multinational company (with minimal loyalty to America) has to pay 15% to this this. Its fine by me

25 posted on 04/26/2014 3:45:41 PM PDT by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
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To: dennisw

You do love your taxes, don’t you?

Tax it to bring it into the country, then tax it again when it trickles down to shareholders, tax it again when it pays an American’s salary, tax it again when it becomes an executives bonus.

The power to tax is the power to destroy.

Is there any tax on Americans you don’t adore?

Anything American you don’t seek to weaken or destroy?


26 posted on 04/26/2014 3:54:22 PM PDT by null and void ( They don't think think they are above the law. They think they are the law.)
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To: dennisw

Apple would very much like to repatriate their overseas profits, but the gubment wants to penalize them for doing so; for being successful.


27 posted on 04/26/2014 4:53:25 PM PDT by AFreeBird
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To: dennisw
These transnational corporations have no loyalty to America. F’em and better yet tax them!

Yep! It didn't work the first time, let's double up! Ask yourself why American multi-national companies relocate overseas... It is because Americans, like you, elect politicians who have no business experience at all, who then promptly begin to buy votes with your money while telling you a pack of lies on the Sunday shows.

You move to better yourself, to a bigger, or quieter, or whatever flips your skirt, home. That is fine. But when a business does it, to make a better life, you disparage it. Why would you do that? It is not consistent thinking.

28 posted on 04/26/2014 5:48:06 PM PDT by SandwicheGuy (*The butter acts as a lubricant and speeds up the CPU*ou)
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To: expat_panama

Very interesting!


29 posted on 04/26/2014 8:47:57 PM PDT by Chgogal (Obama "hung the SEALs out to dry, basically exposed them like a set of dog balls..." CMH)
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