Walgreens Customers React to Potential Tax Dodge
Walgreens may soon renounce its US citizenship for a leaner tax bill abroad, and many American consumers are none too happy.
At least that was our impression after mulling through hundreds of tweets, comments and other online musings since the release of Offshoring America’s Drugstore with Americans for Tax Fairness this past June.
In Walgreens’ most recent earnings call, management wouldn’t give an answer on whether the company planned to undergo a tax-skirting maneuver called an “inversion” after the acquisition of European pharmacy giant Alliance Boots. Such a move would make Walgreens a foreign company on paper, allowing them to avoid billions in US taxes while leaving the rest of us to make up the difference.
To add insult to injury, Walgreens receives nearly a quarter of its revenue from American taxpayers through Medicare and Medicaid.
So, how did their customers react to the news? Check out 13 telling comments below.