The better question is why dont we respond. And we do. We tried to make the case last year that we were simply trying to move last year from planned parenthood to the qualified clinics. In fact, they better serve the lower end of the economic spectrum. We tried to have that argument. If the media wont drive that out, were left to drive that message out. This was not about womens healthcare. We tried to make it very clear that we were not simply taking it away. We were moving it to other places where it could better serve womens health. From missouri, democrats, john, good morning, youre next up. Good morning. Yesterday, we had another republican from the south and he was talking about ive got to talk about that. But what he said was if the Republican Congress could pass some law if the president would just work with him. Well, did the president come and work with you on repealing this Health Care Law . Or are you just sad that you could do it without the president s help . Now, every t
Pay the full rate. Using a technique called inversion they can reincorporate in another country and pay the there. The largest deal announced last year to combined u. S. Based Pharmaceutical Company fooizer with allergan and moving to the tax rate the 152 billion deal is still pending and they are not alone. It includes medtronices which moved to ireland. Even miamibased fast food giant burger king merged with tim hortons. When American Companies shift their legal headquarters abroad for a lower tax bill who wins and who loses . Walt wither isaacson is the ceo can of the aspen institute. Thank you for being with us today. Great to be with you, becky. Is this Good Business or i think we have to balance the question of whether a corporation is supposed to be focused only on the short term return to the shareholder or whether the corporation has other stakeholders, suppose to do things for its longterm advantage but also for people and communities where they live. We have always had that
Although with the deductions and loopholes few companies actually pay the full rate. Using a technique called inversion they can reincorporate in another country and pay the rate on the income it earns there. The largest deal announced last year to combined u. S. Based Pharmaceutical Company fooizer with allergan and moving to the tax rate the 152 billion deal is still pending and they are not alone. It includes medtronices which moved to ireland. Even miamibased fast food giant burger king merged with tim hortons. When American Companies shift their legal headquarters abroad for a lower tax bill who wins and who loses . Walt wither isaacson is the ceo can of the aspen institute. Thank you for being with us today. Is this Good Business or greed . I think we have to balance the question of whether a corporation is supposed to be focused only on the short term return to the shareholder or whether the corporation has other stakeholders, suppose to do things for its longterm advantage but
The u. S. Corporate tax rate is among the worlds highest, but in a move to lower tax bills, more and more u. S. Firms make merger deals with Foreign Companies and move from the United States to a country with a lower tax base. Its called a corporate inversion. Is that greed or Good Business . Thats our cover story this week. Wisconsin based wisconsin controls and tyco in ireland planned to merge with the company in ireland. While the deal is not only for tax reasons, the move is expected to save 150 million every year. They are part of a trend businesses moving overseas and lowering the tax bill in part because the taxes are 39 , but with deductions and loopholes, few pay that rate. Using inversion, they reincorporate in another country and pay that nations lower tax rate on the income earned there. The largest inversion deal was announced last year to combine pfizer and allergan to ireland with a tax rate of 12. 5 . They are not alone. Theres medtronic that moved to ireland, and burge
In a move to lower the tax bills more firms are making merger deals with Foreign Companies and moving headquarters away from the kriets with a country with a lower tax base. Inversion. It is greed or Good Business . Thats our cover story. Wisconsin based Johnson Controls and Tyco International announced a plan to merge with a Company Headquarters in ireland. They say it is not only for tax reasons the move is expected to save 150 million a year. They are part of a trend of businesses moving overseas and lowering their tax bill, in part because the u. S. Corporate income tax is 39 , among the highest in the world. Although with the deductions and loopholes few companies actually pay the full rate. Using a technique called inversion they can reincorporate in another country and pay the there. Year to combined u. S. Based Pharmaceutical Company fooizer with allergan and moving to the tax rate the 152 billion deal is still pending and they are not alone. It includes medtronices which moved