Pfizer is joining the elite club of American companies fleeing the empire. Wanting to avoid the oppressive tax environment of the American Empire, Pfizer has started merging with a foreign company so it can move its headquarters to the much friendly nation of Ireland:
Pfizer Inc on Monday said it would buy Botox maker Allergan Plc in a deal worth $160 billion to slash its U.S. tax bill, rekindling a fierce political debate over the financial maneuver.
The acquisition, which would shift Pfizer’s headquarters to Ireland, would be the biggest-ever tax inversion.
Just as expatriation has forced the government of the United States to put laws into place that prevent individual tax cattle from fleeing, this decision by Pfizer has renewed efforts to prevent corporate tax cattle from fleeing:
U.S. President Barack Obama has called inversions unpatriotic and has tried to crack down on the practice.
Senator Bernie Sanders, another Democratic candidate for president, called on the Obama administration to stop the deal, which “would allow another major American corporation to hide its profits overseas.”
“Congress also must pass real tax reform that demands that profitable corporations pay their fair share of taxes,” Sanders said.
Their reaction demonstrates once again that property rights don’t exist under the State. Politicians are unhappy because Pfizer is choosing to merge with another company so it can take its supposed property to a friendlier environment. Because of this they’re looking to change the rules. In other words they’re stating that Pfizer’s property is actually owned by the State and the temporary usage privileges may soon be revoked.
It really makes you wonder why anybody would consider starting a business in this forsaken country. You can never been certain when the rules will change and the only thing that seems consistent is the rate of plunder going up over time.