The flap over big companies moving their headquarters abroad to avoid U.S. taxes continues to build, with a protest in Chicago, a letter from a Chicago-area congressman aimed at Walgreen Co. and President Barack Obama reportedly ready to pile on too.Comrade Jan giving business "advice".
The protest is set for Walgreen's new flagship store in the Wrigley Building on North Michigan Avenue. A coalition of labor and activist groups says it will deliver 70,000 petitions urging the big drugstore chain not to move its headquarters to Switzerland, as the company has indicated it is considering.
Meanwhile, U.S. Rep. Jan Schakowsky, D-Evanston, followed the lead of U.S. Sen. Dick Durbin, D-Ill., and wrote a letter to Walgreen CEO Gregory Wasson warning that the company risks hurting its U.S. business if it continues on its current course.
Even if it moves, Ms. Schakowsky wrote, "Walgreens would still be dependent upon its American business operations for much of its revenue. I doubt customers will feel the same loyalty to a company that seeks to use a currently available tax loophole to avoid its corporate responsibilities to them and to our nation. I know I certainly will not."
Thursday, July 24, 2014
Socialist Jan Schakowsky Warns Walgreens About Corporate Move: ' I doubt customers will feel the same loyalty to a company that seeks to use a currently available tax loophole to avoid its corporate responsibilities to them and to our nation'
Crain's Chicago Business reports on noted socialist Jan Schakowsky warning Walgreens:
Posted by Steve Bartin at 4:05 PM