Financial

News > Financial > Walgreens Backs Off Plan To Move Tax Domicile Overseas

Walgreens Backs Off Plan To Move Tax Domicile Overseas

(Undated) -- Walgreens is backing away from its plan to reincorporate overseas to slash its U.S. tax bill. The nation's biggest pharmacy chain said Tuesday it's going ahead with plans to buy all of European drug store chain Alliance Boots. But Walgreens said it won't use the deal to move what's called the company's tax domicile to Britain or Switzerland. Such a move would dramatically reduce Walgreens' taxes and weaken the U.S. tax base.

Financial

(Washington, DC) -- The Supreme Court is forbidding private medical providers from suing states over Medicaid. The...
(Undated) -- Some new numbers show a rise in residential real estate values. The S&P-Case Shiller Index...
(Undated) -- Starting today, Starbucks is pouring new smoothies. More than four-thousand Starbucks shops have a...
(Orlando, FL) -- An online marketing push by SeaWorld may be backfiring. The Orlando-based theme park started a...
(Philadelphia, PA) -- The nation's biggest cable operator is spending four-billion dollars to form a new company...