The American pharmaceutical giant Pfizer is merging with Allergan in order to shift its tax address offshore to Ireland and avoid paying its fair share of taxes here at home.
By moving its tax address (but not its headquarters and employees) to a tax haven, Pfizer will likely avoid paying the U.S. taxes it owes on about $140 billion in profits it has stashed offshore. That will cost us tens of billions of dollars in lost revenue – money that is needed to maintain critical services here at home. But we can put a stop to it NOW!
Call on Congress today to stop Pfizer from deserting American taxpayers and to ensure that it pays its fair share of taxes.