I fail to see how it matters one way or another if the sniveling little b!tches (Walgreens) moves to Switzerland. Either way they will be taxed on what they earn in the USA.
If they stay here we all know the scam. They will want to bring in overseas earnings tax free to distribute to investors-stockholders. No....they will not be investing that money here as they like to lie about. Anyways they can use US earnings for that
Even if the tax they pay in Germany is 5% and the US tax authorities want Walgreens to pay the difference between the German tax rate and the American tax rate which lets say is 20%.
These transnational corporations have no loyalty to America. F’em and better yet tax them!
“I fail to see how it matters one way or another ....”
Go back and reread the article — carefully this time.
The taxes on US-based earnings are not the issue.
Yup. But if they remain a US corporation the IRS will continue to tax ALL OF THEIR WORLD WIDE INCOME.
If they become a Swiss corporation, or a Bahamas corporation, or a Chinese corporation, or a Zimbabwe corporation the IRS will only tax them on USA income.
Do the math!
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.