Crackdown

Discussion in 'Valeant Pharmaceuticals' started by Anonymous, Oct 19, 2014 at 2:08 PM.

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  1. Anonymous

    Anonymous Guest

    Is this retroactive or just going forward???
    A U.S. Treasury Department crackdown is demonstrating the risks of joining the wave of corporate tax inversions too late.

    Another sign came as Illinois drugmaker AbbVie Inc. (ABBV) said this week that it’s on the verge of canceling its $51 billion takeover of Shire Plc (SHP), which would be the largest inversion on record. Two other U.S. companies had already dropped plans to shift their legal addresses to lower-tax countries since the Treasury Department announced tougher rules on Sept. 22.
     

  2. Anonymous

    Anonymous Guest

    just going forward