GOVERNOR PAT QUINN SAYS HE IS VERY PLEASED WALGREENS COMPANY HAS DECIDED TO KEEP IT’S CORPORATE TAX HEADQUARTERS IN THE U-S.

THERE’S BEEN A LOT OF BACKLASH SINCE WALGREENS PUBLICLY CONSIDERED MOVING IT’S HEADQUARTERS TO EUROPE TO HELP REDUCE IT’S TAX LIABILITY. GOVERNOR QUINN SAYS THE COMPANY MADE THE RIGHT DECISION.

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THE SO CALLED “TAX INVERSION” BY WALGREENS CAME AS THE BOARD MOVED TO ACQUIRE THE REMAINING SHARE OF SWITZERLAND BASED ALLIANCE BOOTS, A HEALTH AND BEAUTY RETAILER. WALGREENS ALREADY OWNED 45 PERCENT OF THE COMPANY.