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Allergan CEO Hopes You’re Proud Of Yourself, America

Allergan is proud to be (legally) Irish!
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Before you start getting all, “U.S.A.! U.S.A.!” about Pfizer’s decision to stay right here in the greatest country in the world, Dublin resident Brent Saunders wants us to really think about what we’ve done. Because if we’re going to keep doing stuff like this, well, I guess this just isn’t the country Brent Saunders thought he was leaving to cut his company’s tax bill.

"For the rules to be changed after the game has started to be played is a bit un-American, but that's the situation we're in," he said.

"We built this deal around the law, the regulations, all the notices that were put out by the Treasury and it was a highly legal construct," he added. "We followed the rules that Congress had set for companies looking to move to foreign domicile."

Allergan CEO: Merger with Pfizer was targeted by US government [CNBC]
Pfizer and Allergan Are Said to End Merger as Tax Rules Tighten [DealBook]


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