American Companies Think the Unthinkable—Leaving the U.S.

Main St. Agenda by from Investor’s Business Daily, April 14, 2014

Walgreen, America’s venerable drug-store chain, is thinking the unthinkable: relocating to Europe. Not because it sees growth and opportunity there, but because of onerous taxes here in the U.S. It’s an ominous trend.

The Financial Times of London calls it “one of the largest tax inversions ever.” That is, a company seeking to avoid punitive taxes in one market by moving to another.

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Photo credit: David Yu, via Flickr