[SeekAndFind]

Here’s what’s happening folks...

There is a big tax advantage if Walgreen becomes a Swiss company. The U.S. imposes “worldwide taxation,” which means American-based companies not only pay tax on income earned at home but also are subject to tax on income earned overseas. Most other nations, including Switzerland, use “territorial taxation,” which is the common-sense approach of only taxing income earned inside national borders.

The bottom line is that Walgreen, if it becomes a Swiss company, no longer would have to pay tax to the IRS on income that is earned in other nations.

And here’s the problem ( Note to those who keep harping about bringing jobs back to America ).... Many people still think that taxpayers in the US economy’s productive sector should be treated as milk cows that exist solely to feed the Washington spending machine.

AS long as we have this mentality, expect more Walgreens to happen ( Heck, Apple and Google have already started the ball rolling ).

[GreyFriar]

by0 and his leftists will consider it a victory over those dam* capitalists!

[null and void]

Stanley Tools begged congress to make it possible for them to keep their headquarters in the US.

Congress sneered.

[COBOL2Java]

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.

[ex-snook]

Money before country. So what does a man die for?

[Chgogal]

Very interesting!