Innovation Pharmaceuticals Inc (IPIX)

[Rdunn88]

Pfizer will become a foreign "holding" company to avoid higher taxes??? Eaton (ETN) did the same thing with their purchase of Cooper Industries (Ireland). US must either, reduce corporate taxes, or change laws on making these transactions so easy...

Pfizer's pursuit of AstraZeneca raises a huge public policy red flag. It plans to move its holding company to Britain from the United States so it can achieve a much lower tax rate and use cash that it has held abroad to avoid paying United States taxes.