A Walgreen HQ in Switzerland?

A Walgreen HQ in Switzerland?

Despite the potential for huge tax savings, Walgreen Co. is moving to quell talk that it might change its corporate address after completing the acquisition of Swiss pharmacy company Alliance Boots GmBH. Walgreen acquired 45 percent of Alliance Boots in 2012 and is expected to exercise an option on the rest next year. Wall Street is buzzing over the possibility that the Deerfield-based drugstore chain would use the transaction to join a recent wave of American companies—including Aon PLC, until recently in Chicago—that have reincorporated in low-tax foreign locales. “The idea of re-domiciling to Europe seems to be a […]