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  • good_yogurt good_yogurt Jun 13, 2014 1:11 PM Flag

    WAG Tax Evaders .. will not be shopping there anymore


    U.S. activists slam possible Walgreen tax move as 'unpatriotic'..........if Walgreen were to do an inversion, said the move would add up "to more than $4 billion in lost tax revenues over five years, most of which would likely have been paid in the United States."

    Sentiment: Strong Sell

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    • Keep it in perspective. Walgreen has never suggested they will do an inversion. It's large bank shareholders pushing for the value it would create. At the same time Walgreens will do whatever is best for the company and it's shareholders. Certainly customer backlash over avoiding U.S. taxes would be part of their consideration. If the U.S. wants to keep it's large taxpayers, they may need to be a bit more competitive on tax rates. Walgreens could lose a lot of customers and still come out ahead by moving headquarters to Switzerland.