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originally posted by: GreenMtnBoys
a reply to: Euphem
I don't see how we will ever recover from the crony capitalism corporate welfare state that is plaguing our nation and our society.
originally posted by: learnatic
Taxing share trades is the only way to make corporations and the rich pay tax.
originally posted by: Euphem
How morally bankrupt are these corporate b@$+@rd$ these days? They owe the US, and Minnesota
Medtronic announced on Sunday that it has agreed to acquire Irish medtech firm Covidien for $42.9 billion in cash and stock. The purchase is the largest acquisition of a foreign firm by a U.S. company, based on Standard & Poor’s Capital IQ data.
On the upside, the deal will leave roughly $10 billion for Medtronic to invest on R&D in the United States over the next decade.
The acquisition has been termed as a “tax inversion" deal, which will help Medtronic lower its tax burden. Medtronic will be the biggest company in the United States to reduce its tax liabilities by moving its headquarters offshore.