Tags » Shire

2014 Sutherland2Surf

It was a very cold start on Sunday for the 11km Sutherland2Surf and the rain was threatening to dampen our spirits as Megs and I took our position near the Start line. 189 more words


Drug Company Ex-pat? Suspicious Packages and License to Bitcoin

Isn’t that a tax relief?

Chicago-bsed drug giant AbbVie, maker of the very popular Humira,  is buying fellow company Shire Pharmaceuticals for close to $55 billion. 511 more words

Markets end week with a rally, despite geopolitical turmoil

U.S. stocks saw a rebound Friday, one day after a series of tumultuous world events led to a widespread sell-off.

The Dow Jones industrial average closed the day up 123 points, while the Nasdaq composite index was up 1.6% and the broad S&P 500-stock index climbed 1%. 302 more words


Warsan Shire.

As mentioned in my previous post, I wanted to give the blog a bit of a new direction. In this vein, I wanted to talk about one of the poets I have been obsessed with recently. 310 more words

Are U.S. corporate tax inversions a necessary crisis?

Suddenly, the hottest tax arbitrage game is the “tax inversion,” where U.S. companies seek to lower its tax rate by buying a foreign rival. The latest deal came Friday when U.S. 846 more words


AbbVie will buy Shire in another Pharma tax inversion strategy

Following on the heels of Mylan, AbbVie will buy Shire in a move that, among other things, will result in a significantly lower tax rate when the redomiciled company is fully headquartered in Ireland. 193 more words

Pharmaceutical Industry

Shire, AbbVie announce $55 billion merger

AbbVie Inc. has completed a nearly $55 billion acquisition of drugmaker Shire PLC early Friday morning, the companies announced in a joint statement.

The deal, the largest of a year filled with merger and acquisition activity, will allow AbbVie to move its corporate tax headquarters to Britain, a maneuver that would reduce its tax rate substantially.