Quote:
Originally Posted by ExiledFlamesFan
Very interesting. This is the first I've heard of an American company coming to Canada for tax inversion reasons. I wonder if we'll see more of this. It makes sense with the close relationship, NAFTA, proximity, same language, etc..
The future of the US and A is looking very shaky losing all this corporate tax revenue along with the very wealthy paying such a small amount in tax. Even Warren Buffet thinks he should pay more than 17.4%.
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Valeant bought Biovail to do a tax inversion into Canada, now they're using that to go after other big US pharmas.