There is a phenomena based on quirky tax policies that have fostered in an era of formerly United States based corporations moving their headquarters and thus their tax status from the United States to such locales as Ireland. The reason is lower tax rates. Corporations are people, bound by the covenants of their corporate structure to make economic decisions that enhance their shareholder wealth. Known as “inversions”, corporate headquarter decisions based on taxation make the corporate move economically demanding. “Recently, the UK joined countries such as Ireland, Switzerland, and Canada as targets for inverting when it adopted a territorial tax. At the same time the UK also lowered its rate (from 25% to 20% by 2015). “ The counterintuitive result of these tax exits is that the stock of the companies (Walgreens, Pfizer, et al), once they have decided to move their headquarters, soar in anticipation of the larger bottom...(Read Full Post)