This video from the USA says about itself:
How Pfizer Is Going To Rob You
28 November 2015
Pharmaceutical giant Pfizer is planning on merging with a counterpart in Ireland called Allergan. Critics are pointing out that if this merger is successful, it could save Pfizer a lot in taxes. Corporations like to base their company in Ireland because of their low corporate tax rate. The merger could cost American tax payers millions. Cenk Uygur and Ana Kasparian (The Point) hosts of The Young Turks discuss.
Should the government stop this merger? Will they? Let us know in the comments below.
Read more here.
“At the intersection of runaway corporate greed, the cold-blooded profiteering of pharmaceutical companies, and the generations-old, self-inflicted, crippling regulatory impotence of the U.S. government, the pending inversion of Pfizer is dancing a little jig in a leprechaun costume and taking a steaming dump on the American flag.
So, inversions. Say a big U.S. corporation has already used up all the other tricks for avoiding paying taxes to our government. Here’s another neato trick they can pull: they can “merge” with a foreign-owned company—even a much smaller company—and, because they have been absorbed into this other company, they can now be headquartered wherever that other company calls home. Now, because they are no longer an American company, they pay corporate taxes to their new home country, where the corporate tax rate is substantially lower.
Voila! Just like that, an American company gets out of paying corporate taxes in America, because rinky-dink Sven’s Totally Not Fake Company LLC came on board. Sorry, Americans! It can’t be helped!”
By Luke James in Britain:
Smith challenged to back public NHS
Friday 22nd July 2016
Leadership hopeful under fire for Pfizer lobbyist past
Mr Smith is under scrutiny over the £80,000-a-year post as “head of government affairs” for the US company, which is famous for producing sexual aid Viagra, he held between 2005 and 2008.
When he unsuccessfully stood for Parliament in 2006, he claimed privateers could bring “good ideas” and “valuable services” into the NHS without undermining its public ethos.
And shortly after being elected in 2010, he used a Commons speech to call for the government to offer to “improve incentives” for pharmaceutical privateers and warned against the NHS using cheaper non-patented alternatives.
Mr Smith has insisted he was not a lobbyist and has “never advocated privatisation of the NHS.”
But shadow health secretary Diane Abbott told BBC Radio 4’s Today programme: “There is no issue closer to party members’ hearts than the NHS.
“I don’t believe that someone whose history is having been a special adviser and a pharmaceutical company lobbyist is going to enthuse the base,” she said.
Asked about his rival’s record at his campaign launch, Mr Corbyn recalled how pharmaceutical companies blocked access to low-cost, life-saving HIV drugs in Africa.
Mr Corbyn might also have mentioned Big Pharma not being interested in making drugs against Ebola as the epidemic killed mainly poor Africans. Eg, Pfizer estimating that selling Viagra to impotent well-off men is better for profits.
He said: “I hope Owen will agree with me that our NHS should be free at the point of use, should be run by publicly employed workers working for the NHS not private contractors and that medical research shouldn’t be farmed out to big pharmaceutical companies like Pfizer and others but should be funded through the Medical Research Council.”
Mr Corbyn’s allies also hit back at Mr Smith for criticising the leader’s performance at Prime Minister’s Questions.
Mr Smith told the Guardian he was left “furious” by his latest display and said: “Jeremy is just not up to the job of taking them on at the despatch box.”
Ms Abbott pointed the finger at rebel Labour MPs, saying: “They refuse to cheer, they sit on their hands, they sulk, they chat among themselves.
“Some of these Labour MPs need to understand it is not about supporting Jeremy as a person, it is about going into the chamber for Prime Minister’s Questions and supporting your party.”
The attempt to remove UK Labour Party leader Jeremy Corbyn is being spearheaded by right-wing supporters of former Labour leader Tony Blair. These forces, who aim to either take over or destroy the Labour Party and set up a new right-wing party, are working in intimate collusion with the security services in Britain and the United States: here.
Labour MP Sarah Champion who quit Jeremy Corbyn’s front bench last month ‘unresigns’ and gets her old job back. The MP was previously one of dozens to quit: here.