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Walgreen Co.
Quick Hit
by Ellyn Fortino
2:53pm
Thu Jul 24, 2014

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.

Quick Hit
by Ellyn Fortino
3:07pm
Wed Jul 16, 2014

Consumers Target Walgreens Over 'Toxic Products'; Public Pressure Grows Over Antibiotic Use In Livestock (VIDEO)

A small group of health advocates, dog owners and Walgreens customers in Chicago called on the nation's largest pharmacy chain to remove products that, they say, contain harmful chemicals from its shelves.

"Many major retailers in the Chicago area such as Target, Bed Bath & (Beyond), even Walmart have taken direct action to begin to remove some of the worst toxic chemicals from their products, and unfortunately, Walgreens, the flagship of Illinois, has refused to make a commitment to take action on these products," said Lynda DeLaforgue, co-director of Citizen Action/Illinois, which organized the Wednesday morning protest outside the new Walgreens store at 410 N. Michigan Ave. in the Wrigley Building.

Quick Hit
by Ellyn Fortino
6:09pm
Wed Jun 11, 2014

Tax Fairness Groups Rally Against Walgreen's Potential $4 Billion Tax Dodge (VIDEO)

Tax fairness activists rallied outside of the Walgreens downtown Chicago flagship store Wednesday morning in protest of possible plans by the nation's biggest pharmacy chain to move its corporate address from Illinois to Switzerland, a "tax haven."

Toting signs reading "Walgreens, don't shortchange America," about 20 activists called on Deerfield-based Walgreen Co. to remain an Illinois company and drop a potential plan to reincorporate itself offshore through a maneuver called a "corporate tax inversion." The move could cost U.S. taxpayers $4 billion in lost tax revenue over a five-year period, shows a new report released ahead of today's protest by Americans for Tax Fairness and Change to Win Retail Initiatives.

"If Walgreens relinquishes Illinois roots by becoming a Swiss company, it will not only be a betrayal of the people of the great state of Illinois, it will undermine critical taxpayer-funded services that we all rely on," stressed William McNary, co-director of Citizen Action/Illinois. "If Walgreens moves it corporate address offshore, it will still take advantage of all the benefits it gets from operating in America. It will still get the $72 billion in annual sales that we give them every year. It will still get the $16 billion that we as taxpayers give them for Medicare and Medicaid."