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
Tags » Shire
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
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 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.