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Walgreen Co. Message Board

  • robbsbeach robbsbeach Jul 29, 2014 7:09 AM Flag

    Tax Dogers Down on the Corner.

    Walgreens will soon be releasing its decision on a Corporate relocation..
    In doing so a New name for the Controlling Company will emerge.
    Can you add to this list of Corporate Name Choices.
    1) Loophole Pharmacy & Druggist
    2) ?

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    • beach, why do you continue to misrepresent the facts? You know the facts. A corporate inversion is not tax evasion, nor is it a loophole as long as is doesn't involve misrepresenting information on a tax return or undertaking illegal activities to hide profits. You make a lot of assumptions regarding Walgreens intentions. That is neither fair nor honest. You are right there with the politicians.

      • 2 Replies to henleywm
      • cosmelogicalcorrespondent cosmelogicalcorrespondent Jul 29, 2014 3:39 PM Flag

        sure, the reason walgreens and others want to a phony move to Switzerland has to do with selling more products in the USA, of course, right, no doubt.

      • henleywm:

        Should Walgreens complete the merger with alliance boots it will need to borrow money, that cost is tax deductible.
        They also will buy back shares with borrowed funds also tax deductible on interest.
        As Alliance boots is highly leveraged and cant really borrow much money, where do you think Alliance Boots Walgreens will find money for expansion,??
        Debt will be added onto Walgreens balance sheet there by decreasing their USA taxes.
        This savings will be spent outside of this country and not brought back.. its called asset stripping.
        I think you are being too forgiving into how financial engineering works..

        I have no problems with global expansion but using tax deductible loopholes with USA earnings, to pay for new global revenues never to be returned needs to be corrected.

        3) Umleitung tax Pharmacia

    • cosmelogicalcorrespondent cosmelogicalcorrespondent Jul 29, 2014 9:22 AM Flag

      2) Shirkers....."We don't pay taxes. Only the little people pay taxes"

 
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