“The chief executive is now considering moving the company’s headquarters to Switzerland as part of a merger with Alliance Boots, a European drugstore chain.  Why? To lower Walgreen’s tax bill even further.  The company’s tax rate would be cut to 20 percent as part of Alliance Boots from about 31 percent now. Interestingly, Alliance Boots, which was originally based in Britain, moved to Switzerland in 2008 in large part to lower its tax rate.  Dozens of large United States companies are contemplating the increasingly popular tax-skirting tactic known as an inversion. Under the strategy, companies merge with foreign rivals in countries with lower tax rates and then reincorporate there.”

http://dealbook.nytimes.com/2014/06/30/renouncing-corporate-citizenship/?_php=true&_type=blogs&_r=0

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