What You Need To Know About Pfizer's Tax-Driven Merger [VIDEO]

On Monday, Pfizer, America's largest drug company, announced plans to buy Allergan, the maker of Botox, for $160 billion. The gem in the deal: Allergan's Dublin, Ireland-based headquarters, which means that despite running the bulk of its operations out of Parsippany, N.J., it pays a lower tax rate. The move will lower Pfizer's tax rate from 25% to 18%, but more than that it will allow the company to use the many billions of dollars it has overseas to buy back shares, raising its share price.
Source: Forbes.com Healthcare News - Category: Pharmaceuticals Authors: Source Type: news