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Sen. Durbin derides Walgreen for
possible tax-driven overseas move

Chicago Tribune, by Ameet Sachdev

Original Article

Posted By:JoniTx, 7/22/2014 8:16:09 PM

Illinois Sen. Dick Durbin on Tuesday urged Walgreen Co. to reconsider a possible move of its headquarters to Switzerland to lower its U.S. tax bill. In a letter to Walgreen Chief Executive Gregory Wasson, Durbin said the company could face a backlash from its customers. “I believe you will find that your customers are deeply patriotic and will not support Walgreen’s decision to turn its back on the United States,” Durbin wrote. “Nearly all of your $2.5 billion in profits earned last year were from sales to U.S. taxpaying customers.” The senator ended his letter with a twist on Walgreen’s

      


Post Reply  

Reply 1 - Posted by: plex, 7/22/2014 8:20:43 PM     (No. 9936009)

I applaud Walgreens for the move as it will keep prices reasonable when they don´t have to pass through all the US taxes. Corporations don´t pay taxes! The collect taxes from their customers!

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Reply 2 - Posted by: grace1798, 7/22/2014 8:22:51 PM     (No. 9936011)

White HOUSE Regulations and Corporate Tax Rate is sky high......that´s why no real business can make it in his country. The questions is.......WHY are these leaders pushing out business in our country and keeping it like this so they cannot return? They are EVIL.......vote them out!

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R-G1
  


 
Reply 3 - Posted by: bamapreacher, 7/22/2014 8:25:06 PM     (No. 9936014)

Dick Turban wouldn´t know a patriotic American if he tripped over one.

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Reply 4 - Posted by: LittleHoodedMonk, 7/22/2014 8:27:18 PM     (No. 9936018)

This is funny because Durbin is calling on Walgreesn´s "patriotism," when the dRATS are showing none on protecting our southern border from terrorist & an illegal alien exodus here. This is all about money and the shakedown they will be losing from a profitable company. Next, it´ll be Jackson, Emanuel, and the NAACP surrounding the building singing hymns in an attempt to keep the extortion going.

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Reply 5 - Posted by: liberty316, 7/22/2014 8:28:55 PM     (No. 9936022)

More power to Walgreens. What company wouldn´t get away from predatory federal taxes if they had the chance? Durbin is a complete idiot.... "deeply patriotic" doesn´t mean you support the theft of working Americans resources to support the family-destroying socialist programs so loved by the loons on the Left.

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Reply 6 - Posted by: lazlototh, 7/22/2014 8:32:33 PM     (No. 9936025)

Senator Durbin is right. Customers are deeply patriotic and will support companies that refuse to help our government extort taxes on foreign profits repatriated to the US and will support candidates that help to end the stupidity of laws that discourage companies from sending money back to the US that they earned overseas. I will contribute to candidates that try to fix this.

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Reply 7 - Posted by: FunOne, 7/22/2014 8:33:14 PM     (No. 9936027)

Who is John Galt?

Dick Durbin doesn´t have a clue.

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R-VAR_AD
  


 
Reply 8 - Posted by: Safari Man, 7/22/2014 8:33:26 PM     (No. 9936028)

Everyone who does everything they can to keep their money in the private sector and out of the hands of the Marxists in DC accomplish two things:

1) the private sector uses the capital more efficiently so everyone benefits.

2) money is power, and taking power away from the Marxists in DC is a good thing.

Bravo to everyone who avoids or even evades taxes. I am going my part by going on strike until (at least) things are reversed in DC.


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Reply 9 - Posted by: stablemoney, 7/22/2014 8:37:26 PM     (No. 9936036)

Really, Durbin, why should Walgreen´s pay taxes to U.S. on worldwide sales? Anyone in the same country with Durbin or Obama would want to be somewhere else.

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Reply 10 - Posted by: trapper, 7/22/2014 8:45:08 PM     (No. 9936041)

Reminds me of the wealthy American citizens who give up their American citizenship to save on their taxes. That´s all their country means to them. Some money. If Walgreens moves, after Obama is out and America is normalizing again under a free-market conservative in the White House, I am sure I am not the only one who will remember that when the going got tough, Walgreens bailed on America.

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Reply 11 - Posted by: Ronniethek, 7/22/2014 8:47:46 PM     (No. 9936045)

Walgreen´s duty is to its shareholders and stakeholders. NOT UNCLE SAM!!! Durbin is truly a man of modest intelligence.

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Reply 12 - Posted by: mitzi, 7/22/2014 8:50:04 PM     (No. 9936049)

This Walgreen´s customer won´t have a problem with the move.

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B-G1


 
Reply 13 - Posted by: droopydog, 7/22/2014 8:51:08 PM     (No. 9936051)

...and the horse you rode in on, Turbin

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Reply 14 - Posted by: Nevadadad46, 7/22/2014 8:51:11 PM     (No. 9936052)

Dur5bin is an idiot so out of touch he has no idea what Walgreens customers are like. Walgreens customers don´t care about one thing except lower prices. The rest, like tax dodging, I bet you could poll them and find perhaps one in a hundred who even knew what Tax dodging means.

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Reply 15 - Posted by: sternben, 7/22/2014 8:51:19 PM     (No. 9936054)

Are the democRATS trying to build a "Berlin Wall" around private business to keep them in the US?

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Reply 16 - Posted by: chiller, 7/22/2014 8:58:40 PM     (No. 9936061)

I wish, plex #1, you would stop repeating the mantra that "corporations don´t pay taxes." They do pay the taxes (except for a few of Obie´s favorites).

Taxes are costs built into the price of the products, thus your thought that consumers pay the tax, while corporations don´t. Both pay. We hear about the Exxon´s of the world paying no tax, when its actually they pay billions through the nose. If Walgreen paid no tax, why move to avoid them. ?

It´s semantics but leaves the wrong impression about corporations.

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Reply 17 - Posted by: Jethro bo, 7/22/2014 8:59:39 PM     (No. 9936062)

I applaud Walgreens. Good products, services and prices will have a far greater impact on customers than where the headquarters are located. Turban Durbin really doesn´t have a strong bully pulpit as now one outside the New England states, West coast and Ill listen to him.

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R_DBL_B
  


 
Reply 18 - Posted by: Avanti1, 7/22/2014 9:06:37 PM     (No. 9936069)

Hey, Dick

If you want corporations to stay in America instead of moving to other countries, introduce and promote legislation to reform the tax law to reduce their American tax liability.

I and MANY other American deride legislators like you who blame corporations for reducing their expenses and refuse to address the root problem by refusing to reform the tax laws.

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Reply 19 - Posted by: FenwayFrank, 7/22/2014 9:10:26 PM     (No. 9936071)

Sen. Durbin - Remember that famous orator who once greeted people as "Citizens of the World"? If it´s OK for your home boy to campaign in Europe, it´s OK for Walgreen´s to relocate their HQ there. It´s only fair, after all.

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Reply 20 - Posted by: ketchuplover, 7/22/2014 9:18:21 PM     (No. 9936077)

Maybe he´s afraid that his hidden stash in Switzerland will be exposed. BTW -- did you catch his "you didn´t build that" comment at the end where he´s trying to lay a guilt trip on Walgreens?

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Reply 21 - Posted by: Avanti1, 7/22/2014 9:20:00 PM     (No. 9936080)

#16 said:

"Taxes are costs built into the price of the products, thus your thought that consumers pay the tax, while corporations don´t. Both pay. We hear about the Exxon´s of the world paying no tax, when its actually they pay billions through the nose. If Walgreen paid no tax, why move to avoid them. ?"

1. You are correct in saying that corporate taxes add to the cost of their products and services

2. Consumers will pay for the increased corporate costs UP TO A POINT. Once a non-US corporation with lower costs is able to offer a similar product or service at a lower price (due to lower corporate tax liabilities), the consumer will cease to buy the more expensive product and NEITHER the corporation NOR the consumer will pay corporate taxes at US rates.

3. In a competitive world economy, corporations will move to reduce costs and remain competitive. It beats massive loss of business and the potential of losing markets to offshore competitors.

4. The consumer is king; raise prices and risk losing their business to a competitor with lower costs and a similar product or service.

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Reply 22 - Posted by: GringoinQuito, 7/22/2014 9:24:48 PM     (No. 9936083)

Idiot !

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Reply 23 - Posted by: Grampstosix, 7/22/2014 9:35:07 PM     (No. 9936091)

Hard to believe he thinks customers will care at all about Walgreens being headquartered in Switzerland.Out of touch with reality.

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Reply 24 - Posted by: Thos Weatherby, 7/22/2014 9:54:54 PM     (No. 9936104)

As Zappa would say Sen. Dick,
Do you love it?
Do you hate it?
There it is,
the way YOU made it.

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Reply 25 - Posted by: bobdog, 7/22/2014 9:55:00 PM     (No. 9936105)

That tax money you think you´re going to save?

Well, it´s OURS. And we want it. Your government has a claim on it. It´s taxes you should have paid years ago. It´s money you stole out of the mouths of little minor baby children, you heartless money-grubbers!

Besides. It´s patriotic to support your government.

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Reply 26 - Posted by: curious1, 7/22/2014 9:59:04 PM     (No. 9936108)

#15, exactly - This is why the communist countries always build walls of some sort and make it difficult or impossible for anyone to leave; no sane individual wants to live in a socialist paradise (unless they´re at the top of the food chain there, and maybe not even then). Maybe that will allow American citizens to understand deranged/rabid libtards (but I repeat myself) have to be exterminated if they are to save the constitution and the Republic.

I might add America still needs walls to keep people out - but if the libtards have their way that won´t be a problem in a few years - every sane person will be trying to leave.

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Reply 27 - Posted by: nevernaught, 7/22/2014 10:11:34 PM     (No. 9936117)

I think you people said it all.

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Reply 28 - Posted by: whyyeseyec, 7/22/2014 11:20:45 PM     (No. 9936171)

In what country outside the US do the Clinton´s and Obama´s shelter their millions?

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Reply 29 - Posted by: Davids918, 7/23/2014 12:34:08 AM     (No. 9936213)

Sen. Durbin wouldn´t hurry up and propose a 20-22% corporate tax rate to help save American companies from fleeing the Liberal Democrat establishment, now would he.

He decides to be a bully, a thug, like any street-corner gang member.
Durbin happens to be in the WLD (White Liberal Democrat)gang.



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Reply 30 - Posted by: doctorfixit, 7/23/2014 1:57:10 AM     (No. 9936249)

I also applaud Walgreens and anyone who can avoid paying taxes. The only way the Washington cesspool can be drained is to first shut off the flow of money.

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Reply 31 - Posted by: Safari Man, 7/23/2014 2:07:53 AM     (No. 9936252)

Walgreens did not BAIL on America -- America has been taken over by Marxists and they chased Walgreens out. Until people realize this is not your father´s America, we cannot fight the fight. Its most patriotic to starve the beast in DC, which is NOT America by any stretch of imagination.


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Reply 32 - Posted by: DaddyO, 7/23/2014 6:11:23 AM     (No. 9936314)

Everyone is missing the point. Walgreens is expanding overseas, in china and latin america. US profits will continue to be taxed at the current rate. Profits earned overseas are subject to the 35% U.S. corporate tax rate when brought back to the parent company. Switzerland´s corporate tax rate is 17.9%.

So nothing changes for American income, Dick. And income derived from the rest of the world is none of your business. Unless you want to lower tax rates, it´s none of your business.

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The Hill [DC], by Alexandra Jaffe    Original Article
Posted By: MissMolly- 10/1/2014 12:10:11 PM     Post Reply
Kansas Tea Party supporters are threatening to sit out the state’s pivotal Senate election, potentially dealing another blow to the reelection hopes of Sen. Pat Roberts (R-Kan.). Though schisms within the GOP base rarely have such an outsized impact on a general election contest, the lack of support from the conservative base could be devastating to the vulnerable Roberts’s chances against surging independent Greg Orman. Multiple sources tell The Hill that a group of Tea Party leaders in the state are meeting Wednesday to try to decide whether they should go to bat for the incumbent this fall or sit out of

California becomes first
state to ban plastic bags

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Associated Press, by Fenit Nirappil    Original Article
Posted By: LittleHoodedMonk- 9/30/2014 12:51:45 PM     Post Reply
Sacramento, Calif. - Gov. Jerry Brown on Tuesday signed legislation imposing the nation's first statewide ban on single-use plastic bags, driven to action by a buildup of litter and damage to aquatic ecosystems. A national coalition of plastic bag manufacturers immediately said it would seek a voter referendum to repeal the law, which is scheduled to take effect in July 2015. Under SB270, plastic bags will be phased out of large grocery stores starting next summer and convenience stores and pharmacies in 2016. The law allows grocers to charge a fee of at least 10 cents for using paper bags. State Sen. Alex Padilla, D-Los Angeles,

Alton Nolen´s Mother Apologizes
For Son: ´There Are Two Sides
To Every Story

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Breitbart Big Government, by Kelli Serio    Original Article
Posted By: Desert Fox- 9/30/2014 8:42:17 AM     Post Reply
Alton Nolen´s mother and sister posted a video on Facebook where they apologized to the families of victims in Nolen´s alleged attack last Thursday in Moore, Oklahoma. The two women insisted that Nolen was acting outside of his character because he believed in God and was not a violent person. Nolen, whose Facebook page indicates that he recently converted to Islam, is accused of attacking co-workers Colleen Hufford and Traci Johnson after he was reportedly fired for "personnel issues" from a Vaughan Foods factory. He reportedly beheaded Hufford, 54, and stabbed Johnson, 43, multiple times before being shot by reserve police officer


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