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

»
15.11Nintendo 3DSLL.DS lite.DS
15.11
15.11×142cm 3
15.11 selection5 5 3BOX
15.11 40T
15.11Knights
15.11 BIG
15.11 RE-TAKE 3
More »