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Friday, August 01, 2014

Corporate Welfare for Walgreens

It seems that Walgreens is planning to become US tax evaders:
Walgreens used to be a U.S. company that grew by competing on price and service.
Not anymore. They’ve found an easier way: Change their mailing address to Switzerland and skip out on billions of dollars in taxes.
Yes, Walgreens may soon be a Swiss company – on paper. Nothing changes except the return address. They’ll still make business decisions and operate in America. There are no executives taking crash courses in Romanche (one of the five official Swiss languages).
Walgreens is making us the suckers. While they will still deliver their freight on our roads, recruit workers we educated and use the courts we built, they won’t pay their share of taxes anymore.