Home Obama's inversion curbs kill Pfizer's $160 bln Allergan deal
 

Keywords :   


Obama's inversion curbs kill Pfizer's $160 bln Allergan deal

2016-04-06 08:55:03| Automakers - Topix.net

U.S. drug maker Pfizer Inc agreed on Tuesday to terminate its $160 billion agreement to acquire Botox maker Allergan Plc, in a major victory to U.S. President Barack Obama's drive to stop tax-dodging corporate mergers. The decision to end the biggest tax "inversion" ever attempted, which would have seen Pfizer slash its tax bill by redomiciling to Ireland where Allergan is registered, came a day after the U.S. Treasury unveiled new rules to curb inversions.

Tags: deal kill inversion bln

Category:Automotive

Latest from this category

All news

»
23.11
23.11 85
23.11DANCEWITHDRAGON2 811
23.11 N5000VSE
23.11EZY POWER EDIT6
23.11RR4
23.1126.5 HG
23.11VISSLA
More »