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The Sunday Times (of London): Pfizer in Tax Haven Row Over Merger

A US LOBBY group has claimed drug group Pfizer will avoid $35bn (€32bn) in American taxes by merging with Ireland-based Allergan, in a new report that refers to Ireland as a “tax haven”.  Washington-based Americans for Tax Fairness (ATF), which represents 425 local and national organisations in the US, has called on US president Barack Obama to take executive action to block the $160bn merger, which is due to be completed later this year. Its report, titled Pfizer: Price Gouger, Tax Dodger, claims Pfizer is “attempting to permanently dodge tens of billions of dollars of US taxes it currently owes, through a merger with fellow drug firm Allergan, based in the tax haven of Ireland”.

This piece appeared in The Sunday Times.