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Old November 23rd, 2015, 10:05 AM   #1
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Pfizer and Allergan to Merge in $155 Billion Inversion Deal

Pfizer and Allergan to Merge in $155 Billion Inversion Deal - WSJ

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Pfizer expects the combined firm to have an adjusted tax rate of between 17% and 18%, lower than its current 25% rate, among the highest in the industry.

Mr. Read (Pfizer CEO) has railed against high U.S. corporate tax rates, which he says puts American-based companies like Pfizer at a competitive disadvantage to their overseas rivals.

The deal enables “our pursuit of business-development opportunities on a more competitive footing within our industry,” Mr. Read said in a news release Monday.
Not only are high taxes in the US crippling the business environment, they are forcing large companies to merge, reducing market competitiveness. It's time we lower taxes. America needs a pro-growth tax policy and corporate environment.

-FMF
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Old November 23rd, 2015, 10:48 AM   #2
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Pfizer and Allergan to Merge in $155 Billion Inversion Deal - WSJ



Not only are high taxes in the US crippling the business environment, they are forcing large companies to merge, reducing market competitiveness. It's time we lower taxes. America needs a pro-growth tax policy and corporate environment.

-FMF
Or better laws covering corporate money flow across borders.
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Old November 23rd, 2015, 11:05 AM   #3
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A better solution in most cases is to avoid pharmaceutical garbage like the plague. Most of it does much more damage than good, and even when it does good, it only does the symptoms good rather than address the cause.
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Old November 23rd, 2015, 11:05 AM   #4
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Don't put a bandaid on a flesh wound. The root problem needs to be addressed. We have an uncompetitive tax system.
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Old November 23rd, 2015, 03:26 PM   #5
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Don't put a bandaid on a flesh wound. The root problem needs to be addressed. We have an uncompetitive tax system.
Oh please, big Pharma doesn't pay anywhere near 35%. The fact that they receive free research and development from the NIH payed for by the taxpayer, very friendly patent protection from our laws and Billions of revenue cashing in on the taxpayer funded Senior Prescription Drug Program, the fact that they want yo avoid our taxes IS A DISGRACE !!!!!!!!
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Old November 23rd, 2015, 03:38 PM   #6
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Oh please, big Pharma doesn't pay anywhere near 35%. The fact that they receive free research and development from the NIH payed for by the taxpayer, very friendly patent protection from our laws and Billions of revenue cashing in on the taxpayer funded Senior Prescription Drug Program, the fact that they want yo avoid our taxes IS A DISGRACE !!!!!!!!
It costs an average of $2.5 billion to get a drug on the market. The NIH does not subsidize this cost.
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Old November 23rd, 2015, 04:02 PM   #7
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Don't put a bandaid on a flesh wound. The root problem needs to be addressed. We have an uncompetitive tax system.
You're right. The corporate tax should be lowered to 15%. Along with a new law preventing inversion the second it goes into place, and stiff tariffs put on all products by corporations that have engaged in inversion, and end all subsidies of every kind. Then we immediately enact a Wall St. transaction tax of 1 cent per trade.

A fair and equitable tax system.
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Old November 23rd, 2015, 04:06 PM   #8
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You're right. The corporate tax should be lowered to 15%. Along with a new law preventing inversion the second it goes into place, and stiff tariffs put on all products by corporations that have engaged in inversion, and end all subsidies of every kind. Then we immediately enact a Wall St. transaction tax of 1 cent per trade.

A fair and equitable tax system.
There is no legal way to prevent inversion. The transaction tax has failed each time it has been attempted.
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Old November 23rd, 2015, 04:16 PM   #9
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There is no legal way to prevent inversion. The transaction tax has failed each time it has been attempted.
Your group of criminals won't be in office forever. Time is on my side. The Constitution gives the Congress the power to lay and collect taxes. It also gives them all legislative powers. Don't count on the current system being in place much longer. We are on the fast track to just such a tax system, along witth a single payer healthcare system in this country. You have a Millennial generation some 80 million strong coming into power, of which a large percentage has been screwed over since the crash of '08, and they aren't exactly going to be sympathetic to the trickle down crowd once they are fully in power.
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Old November 23rd, 2015, 04:20 PM   #10
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Your group of criminals won't be in office forever. Time is on my side. The Constitution gives the Congress the power to lay and collect taxes. It also gives them all legislative powers. Don't count on the current system being in place much longer. We are on the fast track to just such a tax system, along witth a single payer healthcare system in this country. You have a Millennial generation some 80 million strong coming into power, of which a large percentage has been screwed over since the crash of '08, and they aren't exactly going to be sympathetic to the trickle down crowd once they are fully in power.
This sounds exactly like your prediction before the 2014 mid-terms, but the Millennials preferred a Republican controlled Senate and they got one.
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