With Pfizer Deal, Donald Trump and Hillary Clinton Finally Agree on Something

It’s a rare day on the campaign trail when the Democratic and Republican presidential front-runners agree on something, but both Hillary Clinton and Donald Trump came out strongly on Monday against the blockbuster merger deal between Pfizer Inc. and Allergan PLC.

The $150 billion agreement between the two companies became a flashpoint in the presidential race after it was announced Monday, fueling concerns about companies fleeing U.S. taxes by moving their legal headquarters abroad.

Under the agreement, Pfizer’s tax base would move from the U.S. to Allergan’s home territory of Ireland in what is known as a corporate inversion.

Mrs. Clinton, in a statement, said: “For too long, powerful corporations have exploited loopholes that allow them to hide earnings abroad to lower their taxes. Now Pfizer is trying to reduce its tax bill even further. This proposed merger, and so-called inversions by other companies, will leave U.S. taxpayers holding the bag.”

She added: “We cannot delay in cracking down on inversions that erode our tax base.”

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http://blogs.wsj.com/washwire/2015/11/23/with-pfizer-deal-donald-trump-and-hillary-clinton-finally-agree-on-something/