November 23, 2015

Hillary Clinton Criticizes Pfizer-Allergan Deal, Inversions

Democratic presidential candidate Hillary Clinton says proposed merger in which Allergan, Pfizer agreed to combine in deal valued at $160b "will leave U.S. taxpayers holding the bag." "For too long, powerful corporations have exploited loopholes that allow them to hide earnings abroad to lower their taxes. Now Pfizer is trying to reduce its tax bill even further," Clinton says in e-mailed statement "In the weeks ahead, I will propose specific steps to prevent these kind of transactions, which ta

Source: Bloomberg.com news