Senator Durbin Statement on Pfizer-Allergan Inversion

CHICAGO—(ENEWSPF)--November 23, 2015.  U.S. Senator Dick Durbin (D-IL) released the following statement regarding the merger between Pfizer and Ireland-based Allergan, which would create a roughly $160 billion inversion in order to avoid paying U.S. taxes:

When corporations choose to invert and don’t pay their fair share of taxes, they leave the rest of us to pick up the tab. That isn’t right, and I hope Pfizer will reconsider.  The Obama Administration has taken action to help curb this practice, but there are still loopholes in law that Congress must fix to eliminate . . .

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