Americans for Tax Fairness urged the Obama administration to cut off tax benefits that would flow from a proposed merger of Pfizer and Allergan. The deal would relocate the company’s headquarters to Dublin and allow Pfizer to save $35 billion in taxes, according to a report the group released Thursday. Four House Democrats — including Rosa DeLauro of Connecticut and Lloyd Doggett of Texas — joined the group in calling for more action out of the White House and faulted the Treasury Department for concluding that the merger was not a “tax inversion.” The report.
This piece appeared in POLITICO Morning Tax.