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News Link • TAXES: Federal

Walgreens' Planned Move From Illinois to Switzerland Would Save $4 Billion in Taxes

• Daily Paul.com
Americans for Tax Fairness

Walgreens could cost taxpayers $4 billion in lost revenue over five years should the company decide to renounce its American corporate legal status and move its official address to Switzerland, a tax haven. The company is widely reported to be considering this move and says it will announce its intentions as soon as this summer. Walgreens is the nation's largest pharmacy retailer with 8,200 stores and locations in all 50 states.

Americans for Tax Fairness

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