Tax inversion has plagued the US economy. Numerous corporations have done it and others planned on doing it. The topic is not new, but the administration finally managed to something in this regard. What is tax inversion? A corporation maintains its operations in the country where it gains the most benefits, while using legal schemes to pay lower taxes in another country, usually a corporate … [Read more...]
Is the AbbVie-Shire Merger Drowning because of Congress?
Any marriage proposal is a logical consequence of months of courtship, flowers, candy and dates. Similarly, AbbVie has been putting in months of efforts in so that they would have the opportunity of acquiring the Irish drug manufacturer Shire but will they actually manage to seal the deal? Several months of courtship, four previous offers and 54 billion dollars later, a proposal that would become … [Read more...]