tag:blogger.com,1999:blog-8964719845369935777.post7160818118166944427..comments2024-03-27T21:23:40.339-04:00Comments on Chemjobber: Pfizer's international profits repatriationChemjobberhttp://www.blogger.com/profile/15932113680515602275noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-8964719845369935777.post-31614555398835411592014-04-29T04:40:01.517-04:002014-04-29T04:40:01.517-04:00Yep, this situation won't be helped by the cur...Yep, this situation won't be helped by the current UK government either. They are desperate to show they are adept at 'attracting investment into the UK'. To them, this will be seen as a victory, with the horrors of the Sandwich closure a few years ago long forgotten. They will extract a few weak guarantees of jobs / investment from Pfizer, which will quickly be ignored as they dismantle AZ research here and abroad.<br /><br />It's all so depressing and inevitable. The winners are the senior execs and their consultants and bankers. The losers are everyone else. Good luck to those on the ground<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-45011048933616569232014-04-28T23:36:49.858-04:002014-04-28T23:36:49.858-04:00The two ways to solve this corporate tax conundrum...The two ways to solve this corporate tax conundrum in a global market: <br /><br />a) protectionism<br />b) race to the bottom!Samuel71https://www.blogger.com/profile/17150537368620398364noreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-1833016810164581912014-04-28T15:21:55.597-04:002014-04-28T15:21:55.597-04:00Then the money to support the infrastructure Pfize...Then the money to support the infrastructure Pfizer needs to run its business (and, implicitly, the market that Pfizer and other companies who want lower tax burdens count on to generate their incomes) has to come from somewhere, right? If it doesn't come from corporate taxes (or is given out to businesses who threaten to leave if they don't get their way), then it either comes from somewhere else (*cough*individual taxes*cough*) or it doesn't get done.<br /><br />I am doubtful that playing "I'll lower my taxes for you" on a global scale works for anyone other than businesses. Of course, this is tax law, so it doesn't seem to have to make sense, and is complicated enough that my thumbnail could be wrong.Hapnoreply@blogger.comtag:blogger.com,1999:blog-8964719845369935777.post-62532030288910785852014-04-28T14:52:13.769-04:002014-04-28T14:52:13.769-04:00So this is weird, isn't it? As an American com...So this is weird, isn't it? As an American company, shouldn't the US government actually incentivize Pfizer to bring those tax dollars home and invest them in research. Government tax laws are almost as weird as Big Pharma decisions.Wavefunctionhttps://www.blogger.com/profile/14993805391653267639noreply@blogger.com