+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

The bigwigs Carl Icahn talks to say they're going to move their companies overseas to avoid taxes

Dec 14, 2015, 22:24 IST

Carl IcahnAP Images

Carl Icahn hates tax inversions.

Advertisement

Unfortunately, all the CEOs he talks to want to do one to avoid paying taxes.

Writing in The New York Times on Monday, Icahn calls the proposed Allergan-Pfizer merger a "travesty."

(As a quick refresher, Allergan and Pfizer announced in late November that they planned to merge in a deal that would create a $160 billion pharmaceutical giant based in Ireland. This deal is also a so-called "tax inversion" which will see Pfizer's tax base shift from the US to Ireland, reducing its effective tax rate and resulting payments to the US government. Shareholders like these deals. Icahn does not.)

But Icahn is, to some extent, already over the Pfizer-Allergan disaster and now more worried about what happens next.

Advertisement

And according to Icahn's research what happens next is more tax inversions.

Here's Icahn (emphasis ours):

NOW WATCH: Ian Bremmer: Angela Merkel is going to have a bad 2016

Please enable Javascript to watch this video
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article