Hillary Clinton slams tax-avoiding pharma mega deal

November 24, 2015 7:09 AM

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Hillary Clinton slams tax-avoiding pharma mega deal

The White House declined to comment on Pfizer's deal, but a spokesman told reporters in a briefing that Congress should take action to prevent more such transactions.

The U.S. Treasury Department last week unveiled new rules to clamp down on inversions, its second attempt to do so since a wave of deals peaked in September 2014. But the latest rules amounted to tweaks of existing law and will not impede the Pfizer-Allergan transaction, tax experts said.

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