And another U.S. company heads through customs at JFK.

[KamaAina]

In fact, it's a generic drugmaker, so I assume Walgreens carries its products.

http://finance.yahoo.com/news/reluctantly-patriot-flees-homeland-greener-012044378.html

Heather Bresch grew up around politics. Her father is Joe Manchin, the Democratic senator from West Virginia and a former governor. She has heard him say repeatedly, “We live in the greatest country on Earth,” as he did in countless political advertisements. And it appeared to rub off on her: Ms. Bresch was named a “Patriot of the Year” in 2011 by Esquire magazine for helping to push through the F.D.A. Safety Innovation Act.

Ms. Bresch is the chief executive of Mylan, the giant maker of generic drugs....

But on Monday, Ms. Bresch announced plans to renounce her company’s United States citizenship and instead become a company incorporated in the Netherlands, where the tax rates are lower. She did so by agreeing to acquire Abbott Laboratories’ European generic drug business....

Ms. Bresch says she entered the deal reluctantly, and she genuinely seems to mean it.

"Reluctantly"?!

[randys1]

1. Seize all assets and property instantly

we deserve to starve if we keep allowing this insanity

[Savannahmann]

5. Wrong question.

How is it that Britain is able to afford socialized medicine and somehow charge less in taxes than we do when we have mandated corporate insurance but somehow charge more in taxes?

Gasoline taxes are higher, much higher. But they get a lot of their electricity from offshore wind farms, and other renewable sources. So how is it that they are able to do all of that while charging less in taxes than we are? Because I'm starting to wonder what the hell is in that budget we hear about from time to time. Trillions of dollars being spent. Trillions being collected, and as near as I can tell the only thing we spend it on is bullets, tanks, aircraft that don't fly, carriers so we can bomb brown people, and a spying apparatus that would have made the NKVD slobber in envy.

[Sheldon Cooper]

2. From Heather "Fake MBA" Bresch?

MBA mystery in Morgantown
Questions raised over how WVU granted Mylan executive her degree
December 21, 2007 5:00 AM

By Patricia Sabatini and Len Boselovic Pittsburgh Post-Gazette

MORGANTOWN, W. Va. -- West Virginia University has awarded an MBA degree to Heather Bresch, a politically well-connected top executive at drug giant Mylan Inc., rewriting university records that originally showed she had completed only about half the credits needed to earn the degree.

WVU initially told the Post-Gazette that the 38-year-old Ms. Bresch did not have an MBA, but reversed itself days later after she insisted she earned the degree in December 1998. Officials blamed the discrepancy on the business school's failure to transfer records for nearly half her course work to the Office of Admissions and Records, the university's official records keeper.

The newspaper's research -- which included school records indicating Ms. Bresch stopped taking classes with 22 credits to go in the 48-credit-hour program -- suggests high-ranking officials revised her university records despite a lack of solid evidence to support the reconstruction. Moreover, it suggests officials did so in a way that violated WVU's internal procedures and those used by other accredited universities.

WVU professors familiar with the university's record-keeping, as well as experts on how universities maintain their records, said the business school's explanation of a records mix-up of such magnitude was not plausible because it involved the same student being subject to the same record-keeping errors over an extended period. They also emphasized that a business school would have to meet a high standard of proof to convince a university that its official records were wrong and should be corrected.

Read more: http://www.post-gazette.com/business/businessnews/2007/12/21/MBA-mystery-in-Morgantown/stories/200712210224#ixzz37a6zCIC7

[KamaAina]

4. Bazinga!

Good catch!

[PoliticAverse]

6. Another interesting article mentioning her previously posted to DU...

http://www.democraticunderground.com/10024576802

[Savannahmann]

3. They aren't alone.

A UK drug company has voted to accept a buyout from an American company hoping to do the same as the one above.

http://www.bbc.com/news/business-28290124

British drug firm Shire is recommending a takeover offer from US rival AbbVie after its most recent offer of £53.20 ($91.05) per share.

The board of the UK pharmaceutical company says it will be recommending the offer to shareholders.

The US company began bidding for Shire in May. The deal is an attractive one for AbbVie, as it could dramatically reduce its tax bill.

AbbVie had raised its offer to £51.15 ($87.54) per share last Tuesday.

Now, British taxes are not low by any stretch of the imagination. http://www.hmrc.gov.uk/rates/corp.htm

As of 2014, the average corporate tax rate in Britain is 21%. So what the hell is going on where two drug companies in one week choose to announce the same thing?

http://en.wikipedia.org/wiki/List_of_countries_by_tax_rates

Now, I am no accountant, but something is wrong, seriously wrong, if Britain with Socialized Medicine is considered a Tax Haven while we have mandated corporate insurance and somehow pay more in taxes.