Walgreen could dodge $4B in taxes with HQ move

Walgreen, the biggest U.S. retail drugstore chain, is considering decamping to Switzerland in a quest for bigger tax breaks, just two years after reaping a hefty package of Illinois tax credits in exchange for keeping corporate jobs in the state, according to the Huffington Post.

Citing a report by tax reform advocacy group Americans For Tax Fairness, the post reports the move would cost the U.S. Treasury $4 billion in revenue over the next five years.

A Walgreen inversion may be possible next year, should shareholders approve the purchase of the the Swiss company Alliance Boots, Europe's largest pharmaceutical wholesaler and retailer.

Read more from the Huffington Post.