The Best Tax Loopholes of the Internal Revenue Code
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Wednesday, May 28, 2014
Pfizer, Astra-Zeneca, and corporate inversions
I was in China for the past few weeks, where blogspot.com (and various other Google sites) are blocked, but I did write an answer in Quora.com* about the tax implications of the proposed Pfizer-Astra-Zeneca merger (now scuttled).
Pfizer reportedly wants to acquire AstraZeneca to reincorporate overseas to pay a low tax rate. How does that work? Why does the company have to acquire AstraZeneca to do it?
* Quora.com is a questions-and-answers site started by one of my classmates from the California Institute of Technology.
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