U.S. Republican presidential candidate Trump speaks at a rally in Columbus

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.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 3 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article