Politicians slam tax-avoiding Pfizer-Allergan deal

U.S. Republican presidential candidate Trump speaks at a rally in ColumbusBy Kevin Drawbaugh and Emily Stephenson WASHINGTON (Reuters) – U.S. politicians condemned Pfizer Inc’s deal with Allergan Plc as a tax dodge on Monday, bringing another round of hand-wringing in Washington over the corporate tax code, though legislative action before 2017 is unlikely. Democrats heaped the most criticism on the New York-based drug maker, with Hillary Clinton accusing Pfizer of using legal loopholes to avoid its “fair share” of taxes in a deal that she said “will leave U.S. taxpayers holding the bag.” The front-runner for the Democratic presidential nomination in the November 2016 election said she will propose steps to prevent more inversions, but she did not provide details. “We cannot delay in cracking down on inversions that erode our tax base,” said the ex-U.S. secretary of state and former New York senator in a statement.

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