Big Pharma Merger: Turkey Day Present for Kalm!

[Ivytalk]

Pfizer is technically taking over Allergan in $160 billion merger that will give klam plenty to talk about, including: (a) tax-driven deal will relocate home office to Ireland with its 12.5% corporate tax rate; (b) further reduction of competition in the pharma industry; and (c) nine-figure fees for the investment bankers. Oh, in an unusual twist, both stocks actually dropped this morning on the merger's announcement. We'll see if the antitrust boys give it a second look.

[GannonFan]

It can't have anything to do with taxes - we're always told that the corporate tax rate doesn't matter and corporations like these actually don't pay any taxes. Geesh!

And here I thought you had brought up kalm's name just because the merger includes the maker of Viagara.

[Pwns]

The thing is, there are corporations getting off easy while others are getting buried with some of the highest rates in the world.

One of the tax ideas I agree with donks on is to close the loopholes in corporate taxes…as long as we also lower the rates and simplify the corporate tax code, too. Way overdue.

[dbackjon]

The thing is, there are corporations getting off easy while others are getting buried with some of the highest rates in the world.

One of the tax ideas I agree with donks on is to close the loopholes in corporate taxes…as long as we also lower the rates and simplify the corporate tax code, too. Way overdue.

Agreed on both counts

[GannonFan]

The thing is, there are corporations getting off easy while others are getting buried with some of the highest rates in the world.

One of the tax ideas I agree with donks on is to close the loopholes in corporate taxes…as long as we also lower the rates and simplify the corporate tax code, too. Way overdue.

Agreed on both counts

Let's get 'er done then. Thing is, I don't hear anyone saying that on the campaign trail. Either the rates are too high and we need to lower them or the rates are too low and evil corporations are stealing money. Obviously there's a nuanced in between where the solution lies, I just would like to have someone run on that platform.

[CitadelGrad]

The thing is, there are corporations getting off easy while others are getting buried with some of the highest rates in the world.

One of the tax ideas I agree with donks on is to close the loopholes in corporate taxes…as long as we also lower the rates and simplify the corporate tax code, too. Way overdue.

Not a chance in hell the donks would ever agree to significantly simplify the tax code. Of course the RINOs would be happy to join the donks.

[Chizzang]

The thing is, there are corporations getting off easy while others are getting buried with some of the highest rates in the world.

One of the tax ideas I agree with donks on is to close the loopholes in corporate taxes…as long as we also lower the rates and simplify the corporate tax code, too. Way overdue.

Not a chance in hell the donks would ever agree to significantly simplify the tax code. Of course the RINOs would be happy to join the donks.

Is the tax code a republican vs. Democrat thing..?
I did not know that



Seriously
why didn't Bush do something when he had both the Senate and the House..?

[kalm]

It can't have anything to do with taxes - we're always told that the corporate tax rate doesn't matter and corporations like these actually don't pay any taxes. Geesh!

And here I thought you had brought up kalm's name just because the merger includes the maker of Viagara.

Jeez, Ganny that's quite the personal shot from you. I guess those last couple of unanswered posts of mine regarding the TPP must of hit home.

FTR, since you've dragged another man's sex drive into the discussion , 44 year old and half cylindered Kalm can still go at least a full 5 minutes without Viagra. But then it's usually nap time!

I'm for a level playing field and fair competition. Goverent picks winners and losers with the current tax code and I think it should be simplified. Complexity favors crony capitalism and campaign donors.

Funding government is a separate issue and no one wants to do it....including me.

If big Pharma wants to leave the country that provided it with all the free R&D and ridiculous growth and capital, so be it. They should be taxed through the nose upon re-entry.

[CAA Flagship]

Not a chance in hell the donks would ever agree to significantly simplify the tax code. Of course the RINOs would be happy to join the donks.

Is the tax code a republican vs. Democrat thing..?
I did not know that



Seriously
why didn't Bush do something when he had both the Senate and the House..?

Chizzy, are you seriously firing the "but Bush" bullet on this one?
I see a number of countries lowering the corporate tax rates in the last five years.

http://www2.deloitte.com/content/dam/De ... 1-2015.pdf" onclick="window.open(this.href);return false;

Who the hell was/is sleeping at the switch during this time?

[Chizzang]

Is the tax code a republican vs. Democrat thing..?
I did not know that



Seriously
why didn't Bush do something when he had both the Senate and the House..?

Chizzy, are you seriously firing the "but Bush" bullet on this one?
I see a number of countries lowering the corporate tax rates in the last five years.

http://www2.deloitte.com/content/dam/De ... 1-2015.pdf" onclick="window.open(this.href);return false;

Who the hell was/is sleeping at the switch during this time?

My point - that you completely missed - is that if it's a Democrat vs. Republican thing as implied by one poster then the ONLY CHANCE WE HAD to fix it was when we had a Republican President and a Republican House and a Republican Senate...

Follow me here now... When was the last time we had that..?
and if it's truly a Dem vs. Repub thing why didn't we fix it then..?

See how simple that was - please re-read my previous post and then this post again slowly

[CAA Flagship]

Chizzy, are you seriously firing the "but Bush" bullet on this one?
I see a number of countries lowering the corporate tax rates in the last five years.

http://www2.deloitte.com/content/dam/De ... 1-2015.pdf" onclick="window.open(this.href);return false;

Who the hell was/is sleeping at the switch during this time?

My point - that you completely missed - is that if it's a Democrat vs. Republican thing as implied by one poster then the ONLY CHANCE WE HAD to fix it was when we had a Republican President and a Republican House and a Republican Senate...

Follow me here now... When was the last time we had that..?
and if it's truly a Dem vs. Repub thing why didn't we fix it then..?

See how simple that was - please re-read my previous post and then this post again slowly

I don't understand how your brain works. The point that YOU missed is that maybe it wasn't a problem when Bush was in office.
The problem is that the US corporate tax rate is much higher than our peer countries. But it wasn't as bad back then. If you opened the link that I provided you could see how some other countries have cut their tax rates in the last 5 years. I didn't find the data going back to the BHO beginning, but I'm sure the trend is the same in that period. So to answer your "why didn't Bush....." question, the answer might be that it wasn't nearly the problem during his terms as it is now.