The U.S. drug maker AbbVie is buying drug maker Shire of Ireland for an estimated $54B. This will allow yet another U.S. company to leave America to greener tax pastures overseas. AbbVie is going to Dublin, Ireland. Ed Butowsky, wealth manager, financial advisor, and managing partner of Chapwood Investment Management, joins Fox Business Varney & Co. to discuss how corporations in America are flooding foreign countries to move their companies and why.
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Tags: Abbvie, Acquisition, Drug, Shire