Company run by daughter of Dem senator moves to Europe to escape US corporate tax

American Thinker ^ | 07/16/2014 | Thomas Lifson

[SeekAndFind]

US taxation of corporate profits is the highest in the world, and hobbles American companies competing on world markets, thereby costing American jobs. Just last month, medical equipment giant Medtronic announced plans to move its headquarters from Minneapolis to Dublin, via the acquisition of a company located there, and taking the new company’s domicile as its own. Now, it is being followed by a company run by the daughter of a US senator. Andrew Ross Sorkin of The New York Times:

Heather Bresch grew up around politics. Her father is Joe Manchin, the Democratic senator from West Virginia and a former governor. She has heard him say repeatedly, “We live in the greatest country on Earth,” as he did in countless political advertisements. And it appeared to rub off on her: Ms. Bresch was named a “Patriot of the Year” in 2011 by Esquire magazine for helping to push through the F.D.A. Safety Innovation Act.

Ms. Bresch is the chief executive of Mylan, the giant maker of generic drugs.

Until now, Ms. Bresch ran an unabashedly proud American company based in a Pittsburgh-area suburb, one of a handful of success stories that kept the once-thriving steel city relevant.

But on Monday, Ms. Bresch announced plans to renounce her company’s United States citizenship and instead become a company incorporated in the Netherlands, where the tax rates are lower. She did so by agreeing to acquire Abbott Laboratories’ European generic drug business.

Sorkin is a highly regarded reporter for the New York Times, so perhaps he feels free to express opinions that run contrary to Democratic Party orthodoxy:

[sakic]

Corporations that live in other countries are closer to illegal aliens than citizens.

[cynwoody]

Be that as it may, she's the CEO of Mylan, and you are not.

Unless you own shares in Mylan, you don't have standing to object.

Sounds like she's fixing to make a move that will benefit Mylan's shareholders. That's what matters!

[Chickensoup]

Corporations that live in other countries are closer to illegal aliens than citizens.

_______________

You don’t get an argument from me.

[boycott]

Be that as it may, she’s the CEO of Mylan, and you are not.
Unless you own shares in Mylan, you don’t have standing to object.

---

She would not be where she is today without her daddy’s senate influence. Sorry if that point escaped you.

It’s corrupt, sleazy, and lying. I will always object to that.