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Pluck of the Irish

Home - by - June 23, 2014 - 17:00 America/New_York - 7 Comments

The Daily Signal 

Medtronic, one of the world’s largest medical device companies, recently acquired Covidien for $42.9 billion in a move that will relocate headquarters from Minneapolis to Ireland.

snip

The move is expected to save Medtronic $815 million annually by the end of 2018.

Read the story here

marketbusinessnews.com

 

» 7 Comments

  1. Redskin Zonga

    June 23rd, 2014

    So elmo taxed them out of the USA, but he still wants a cut of their international income.

    Small business pays 44% tax. Don’t take my word for it:

    http://www.atr.org/obama-call-business-tax-hike-sotu-a8093

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  2. D B Cooper

    June 23rd, 2014

    Hussein Obama-Soetoro-Bounel displaying his

    wizard-like economic genius for all the world to

    see. Still a legend in his own behind.

    Thumb up +4

     
  3. Boobie the Rocket Dog

    June 23rd, 2014

    I can understand leaving Minneapolis, but since when is IRELAND a tax haven?

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  4. Sarge

    June 23rd, 2014

    To prevent to growth, just tax it.

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  5. riverlife_callie

    June 23rd, 2014

    From the article:
    “Medtronic’s aim in acquiring Covidien is to move its headquarters from the US to Ireland, where corporate tax is considerably lower. Corporate tax in the United States is 35%, the highest among the advanced economies, compared to Ireland’s 12.5%.”

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  6. Billy Fuster

    June 23rd, 2014

    All right, let’s here it for unintended consequences!

    Thumb up +2

     
  7. Billy Fuster

    June 23rd, 2014

    (HEAR)

    Thumb up +2