Fw: Pfizer Wants to Dodge $35 BILLION in Taxes...As Usual, YOU Will be Left Holding the Bag

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Mar 13, 2016, 9:43:21 PM3/13/16
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Pfizer is about to sucker punch American taxpayers and leave them with a $35 billion bill. Join us to help stop this shady corporate tax dodge.

Pfizer -- the world’s 2nd largest pharmaceutical company -- is trying to dodge paying its fair share of taxes by moving its corporate address from New York to Ireland, while continuing to keep the majority of its business in the U.S.(1)

This is unacceptable! No U.S. company should be able to pick up and move out of the country for the sole purpose of dodging taxes -- especially when that company makes BILLIONS off of U.S. government contracts and taxpayer-funded healthcare programs like Medicare and Medicaid, and reaps the benefits of our legal protections for its patents.(2) If Pfizer goes through with this, it’ll be one of the most blatant and despicable offenses of corporate greed our country has ever seen.

President Obama and the U.S. Treasury Department have the power to stop Pfizer’s plan by closing the tax loopholes that Pfizer and an increasing number of other corporations are abusing. But they must hear from American taxpayers like YOU right now before this deal goes through.

SIGN ON to stand up to Pfizer and urge President Obama and the U.S. Treasury Department to stop corporate tax dodgers! We’ve joined 16 other organizations and connected our petition to the White House’s “We the People” platform, so once we hit 100,000 signatures, the White House will be required to respond. To make sure your signature counts, you must verify your signature in the confirmation email you receive from the White House.

If Pfizer renounces its U.S. citizenship, it would cost American taxpayers up to $35 BILLION in taxes!(3) That’s enough to fund the National Cancer Institute for nearly seven years or cover pre-k funding NATIONWIDE FOR OVER FIVE YEARS.(4)

Here’s how Pfizer could get away with this. By merging with Allergan, a small European pharmaceutical company based in Ireland, Pfizer would take advantage of a tax loophole that would allow it to move its tax residency overseas -- even though it would still keep its global operational headquarters and majority of employees in the U.S.(5)

Pfizer’s tax-dodging scheme is not a done deal yet. Federal regulators still need to approve it. So it’s up to taxpayers like us to urge President Obama and the Treasury Department to close corporate tax-dodging loopholes now to stop this deal in its tracks. 
Robert, we’ve already stopped a major corporate tax inversion like this before, and we know we can do it again. In 2014, Walgreens attempted the same dodgy move as Pfizer by trying to move its corporate address to Switzerland. But tens of thousands of Courage Campaign members swooped in to speak out and create a national outrage against the deal, and we won!(6)
Now it’s time to speak out together and win AGAIN!
Thank you for having the courage to make Pfizer pay its fair share,
Tim, along with Annie, Eddie, Emma, Ernesto, Kelsey, Laura, Lindsay, Moonyoung, Paul, and Scottie (the Courage team)





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