Tax Policy Center

Allergan

Business Taxes: TaxVox

This Is the Easiest Way the U.S. Can Stop Corporate Tax Dodgers

Collect a corporate exit tax. Last week, the New York-based drugmaker Pfizer scuttled its proposed $150 billion merger with Irish-based competitor Allergan after the Obama administration rolled out new rules to curb the tax savings Pfizer hoped to glean from the deal. The episode again highlighted
April 12, 2016Steven M. Rosenthal
: TaxVox

In Search Of… Tax Savings, Near or Far

Inversion is the gift that keeps on giving for Actavis. Last year the pharmaceutical company reincorporated from its Parsipanny, New Jersey, home to Ireland, after a $5 billion deal with Warner Chilcotte. This year, before Treasury’s inversion curbs took effect, it purchased New York-based Forest
November 18, 2014Renu Zaretsky