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.

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