Walgreen drops on report it will keep US tax base

[yortsed snacilbuper]

Shares of Walgreen Co. fell Tuesday on media reports that the nation's largest drugstore chain will not reincorporate itself overseas - a politically touchy move that could have significantly lowered its tax bill.

link

[joeglow3]

1. Makes sense

A company's value is roughly the net present value of all future earnings. If you just increased your tax bill, you lowered the value of the company.

[cheapdate]

5. Stock prices are not strictly rational.

They're arguably not even approximately rational. Stock prices of many other large retailers are also down at the moment. Investors collective judgement that Walgreen will be less profitable for keeping its headquarters in the United States might be responsible for the current price of its stock falling. Or not. Personally, I'm far more inclined to give my business to Walgreen after learning about their decision.

[joeglow3]

11. Which is how people like Buffett can make a killing finding values

I am not that smart, so I stick to index funds.

[randys1]

2. seize any company that inc out of the country

[Nye Bevan]

3. What law allows such companies to be "seized"? (nt)

[randys1]

4. The one we should have, obviously

capitalism is a joke

[Nye Bevan]

7. Which non-capitalist country do you admire the most? (nt)

[randys1]

8. I admire socialist capitalist societies like Norway and Denmark

NOT the one where 6 people , the Waltons, have the same wealth as 120 million combined

you cant win this argument unless you think we have a fair system where that does exist

then you dont win the argument, you just expose yourself

[Nye Bevan]

10. Norway and Denmark are both thriving capitalist countries that are big on free trade.

So clearly it is not "capitalism" as such that you have an issue with. You are fine with capitalism when taxes are raised a bit in order to pay for more generous social benefits.

[Hoyt]

12. Would love to see Denmark's distribution of wealth here.

[randys1]

14. Democratic socialism is the phrase you are searching for...

The differences and areas where they do NOT practice capitalism where we do are immense and you know that...

Capitalism, American style, is what has given us a situation where 6 people have the same amount of wealth as 120 million

NO SANE person thinks this is remotely OK

[Nye Bevan]

15. Again. These are capitalist countries with higher taxes and more generous social benefits than us.

If the US Congress raised the income tax rate by 15% to finance universal single payer health care and universal preschool, we would not magically become a non-capitalist country. We would be a capitalist country with universal healthcare and higher taxes.

[randys1]

16. Democratic Socialism with highly regulated capitalism mixed in

We can play this game all day but the simple fact is the way we practice capitalism here has failed

[sharp_stick]

6. Not in this country

that's not something that would ever fly. I'd like to see the vote on that in either Chamber.

[KoKo]

9. The whole Market has Taken a Dive... so...not anything to do with Walgreens

unless there's a News Story saying they pulled back from their "Offshoring to Avoid US Taxes."

[Gothmog]

13. I am glad that Walgreens is staying in the US