Walgreens May Face Consumer, Political Backlash if It Elects to Become a ‘Corporate Deserter’

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Within the next several weeks Illinois-based Walgreens drug store chain is set to decide if it will become what President Obama referred to last week as a “corporate deserter” by – in essence – tearing up its U.S. Citizenship in order to cut its corporate taxes.

Walgreens recently bought a 45 percent stake in the Swiss drug chain, Alliance-Boots. It is now considering whether to complete a merger with the Swiss firm, so it can move its official corporate headquarters to lower-tax Switzerland, while maintaining most of its operations in the United States…READ MORE.

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