OFFICIALS LEGISLATION INTEREST GROUPS PUBLIC STATEMENTS COMMITTEES VETOES

Reed Statement on Proposed Pfizer and Allergan Tax-Inversion Merger

Press Release

By: Jack Reed
By: Jack Reed
Date: Nov. 23, 2015
Location: Washington, DC
Issues: Taxes

U.S. Senator Jack Reed (D-RI) issued the following statement today after it was announced that pharmaceutical giant Pfizer plans to merge with Allergan, which has its corporate headquarters in Dublin, Ireland:

"The Treasury Department is making progress on thwarting inversions, but Congress needs to act to protect American taxpayers. This is an issue of economic fairness. Companies like Pfizer want to benefit from all the U.S. offers but they don't want to pay U.S. taxes. Instead of protecting companies that want to move their corporate addresses overseas, the Republican leadership should bring anti-inversion legislation up for a vote," said Reed.


Source
arrow_upward