Walgreens shoppers have taken to the media to express their views on Walgreens moving to avoid paying it fair share of taxes in the USA and the news is not good.
Walgreens has reported a continuing decline in shoppers visits every month and now this.
Most investors know Walgreens got the boot from the ESRX decision, and now it has picked a fight with the USA Tax policies and its customers.
As many of its customers have written on media sites, Walgreens will soon see the next wave of customers defecting to other retail outlets,
Most people can't name their senators or congressman much less know where Walgreens pays its taxes. Governor Walker of Wisconsin is racking in big campaign bucks from 3M to Georgia Pacific and handling them tax credits at the expense of state taxpayers. No even his opponent is challenging it. People are nitwits, accept it and you can profit from it.
That's correct sir. The U.S. government will have to come to terms with having to compete globally. They risk a continually eroding tax base and there is no legislating their way out of it. Compete or lose out!