ATLANTA, Nov. 23 – Sen. Bernie Sanders (I-Vt.) issued the following statement today after Pfizer and Allergan announced they would merge in the largest inversion ever, enabling Pfizer to dodge United States taxes.
“The Pfizer-Allergan merger would be a disaster for American consumers who already pay the highest prices in the world for prescription drugs. It also would allow another major American corporation to hide its profits overseas. The Obama administration has the authority to stop this merger, and it should exercise that authority. Congress also must pass real tax reform that demands that profitable corporations pay their fair share of taxes.”