Thursday, August 07, 2014

Walgreen Felt Consumer Heat

How Americans Scared Walgreens Out Of A $4 Billion Tax Dodge:

...Walgreen's decision bucks a growing trend of "tax inversions" -- essentially, renunciations of U.S. corporate citizenship, in which an American company buys a business in a foreign land with low tax rates and then moves its headquarters there. President Barack Obama and some lawmakers in Congress are considering steps to end the practice. But it took the threat of a consumer boycott to make Walgreen take notice and keep its headquarters in Deerfield, Illinois...

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