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Retaining Profits

Others Could Follow Perrigo Into Ireland for Lower Tax Bill

By Brian Orelli
Contributing Writer

Monday, August 12, 2013

When Perrigo Co. announced that it was purchasing Elan Corp. plc. for $8.6 billion last month, Perrigo's relocation to Ireland to take advantage of the country's 12.5 percent corporate tax rate was cited as one of the driving forces for the transaction. (See BioWorld Today, July 30, 2013.)

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