Explore our content

All types | All dates | All authors
All categories
Quick Hit
by Ellyn Fortino
2:53pm
Thu Jul 24

Chicagoans Push Back Against Walgreens' Potential Tax Inversion (VIDEO)

Tax fairness activists delivered 70,000 petition signatures to a downtown Chicago Walgreens store Thursday, calling on the nation’s largest pharmacy chain to remain a U.S company and pay its "fair share of taxes."

It is rumored that Deerfield-based Walgreen Co. is considering plans to reincorporate itself offshore in Switzerland, a "tax haven," through a maneuver called a corporate tax inversion. Such a move could reportedly cost U.S. taxpayers $4 billion in lost tax revenue over a five-year period. Read more »