The second largest manufacturer of medical devices in the WORLD!
The economy has RECOVERED!!!! WHISKEY TANGO FOXTROT?
53% are you happy yet?
WHY WAS ALL THIS NOT CLEAR TO YOU FOOLS????????????
Crain’s Biz:
U.S. medical device manufacturer Medtronic announced last night that it has agreed to buy Ireland-based competitor Covidien for $42.9 billion in cash and stock.The combined company would have its executive offices in Dublin, Ireland, where it could benefit from Ireland’s lower corporate tax rates. But the merged company would continue to operate in Minneapolis, where Medtronic employs more than 8,000, the companies said in a statement.In the Chicago area, Walgreen has been under pressure to move its headquarters overseas from north suburban Deerfield.
Irish Independent:
Medtronic shifts HQ to Ireland for tax purposesTHE world’s second-largest maker of medical devices is moving its headquarters to Ireland for tax purposes.Medtronic Chief Executive Omar IshrakMedtronic will come here after agreeing to buy Dublin-based Covidien for $42.9bn (€31bn) in cash and stock but the move will make little practical difference.Medtronic’s executive team will not have to move to Ireland to consummate the deal. While Covidien is currently based in Dublin for tax purposes, the company is run from its offices in Mansfield, Massachusetts.The gives the Minneapolis-based Medtronic access to Covidien’s portfolio of hospital supplies, from surgical staplers to ventilators, and adds size and scope that may allow it to better compete with Johnson & Johnson, the largest medical device company. At the same time, use of Covidien’s Irish address could free almost $14bn in cash Medtronic now holds overseas as a way to avoid being taxed on it under US laws.The primary motivation is “strategic and operational alignment,” said Medtronic chief executive Omar Ishrak. “It will drive better value for patients and customers around the world.”Covidien shares jumped 30pc yesterday morning in Frankfurt. Medtronic climbed 2.5pc.Medtronic’s tax rate will remain about the same, even after the company redomiciles in Dublin, Mr Ishrak said. The advantage gained in the deal is that Medtronic will be able to better use profits it made outside of the US, which it plans to invest back into the industry, according to Ishrak.
- See more at: http://www.independent.ie/business/irish/medtronic-shifts-hq-to-ireland-for-tax-purposes-30359073.html#sthash.3uIcWWKm.dpuf
Head for DD. boyz, those with an MSEE can get work part time
MAYBE
2 comments:
How many jobs is this?
How much tax revenue is this?
Please consider that the Tuesday, June 24, 2014, trade lower in the European Financials, EUFN, and the trade lower in Ireland, EIRL, and its Bank, IRE, and Greece, GREK, and its Bank, NBG, marked an inflection point in economic history, as the world pivoted from the age of currencies and credit, and into the age of diktat and debt servitude. The age of investment choice is over and the age of debt servitude has commenced. There is no amount of reform that can be done to reinvent Ireland, Greece, France, Italy, or any of the Eurozone nations.
Periphery Europe, that is Portugal, Italy, Greece, and Spain, as well as France, are socialist nations characterized by truly staggering amounts of sovereign and municipal debt; and their banks loaded to the gills with such debt, as well as real estate debt. For all practical purposes these are insolvent sovereigns and insolvent financial institutions, whose seigniorage, that is whose moneyness, comes courtesy of the Liquidity Announcements of the ECB Chairman, Mario Draghi.
It is disinvestment out of debt traded and currency carry traded Ireland, and Greece, that is leading world stocks lower. This comes as Gigaom posts Apple’s Irish Tax Avoidance Schemes Come Under Formal European Investigation.
Please consider the bible prophecy of Revelation 13:1-4, which foretells that out of waves of economic recession and turmoil in the Club Med nations, coming largely out of derisking out of debt trade investments, and deleveraging out of EUR/JPY currency carry trade investments, that the Beast Regime will rule in every one of the world’s ten regions and occupy in all of mankind’s seven institutions, as the singular dynamo of Regionalism powers up, when leaders meet in summits to renounce national sovereignty, and to announce regional pooled sovereignty for regional security, stability and sustainability.
Regional fascist leaders will be appointed and announce diktat policies of regional economic governance and schemes of totalitarian collectivism which will develop the debt serf as the centerpiece of economic activity.
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