Obama, Shire, Abbvie

Days After AbbVie-Shire Deal, Obama Slams Tax Inverters

AbbVie recently announced intentions to acquire Shire Pharmaceuticals, and shifting their HQ to Ireland. Obama had some strong words about the practice, known as “Tax Inversion.” When a company acquires another that has business in Ireland, it is possible for that company to shift their HQ from the United States to their newly acquired assets across the Atlantic. This comes …