National

Senator Bernie Sanders Urges Treasury to Prevent Pfizer Tax Dodge

WASHINGTON--(ENEWSPF)--March 18, 2016 – Sen. Bernie Sanders urged Secretary Jack Lew in a letter today to use the Department of the Treasury’s untapped authority to prevent Pfizer’s planned maneuver to dodge taxes in the United States.

If allowed to proceed, Pfizer will use its planned merger with Ireland-based Allergan to identify as an Irish corporation for tax purposes but will continue to reap the benefits of being an American-based corporation. Preventing the merger could save as much as $35 billion in revenue, according to a recent

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