Monsanto Shows Need to Stop Corporate Inversions: Sen. Durbin
2015-06-08 18:58:07.509 GMT
By Nicholas Johnston
(Bloomberg) -- “Hundreds of millions of dollars that could
be invested in the infrastructure, education and research that
companies rely on will be lost if Monsanto is allowed to go
through with this corporate inversion scheme,” Sen. Richard
Durbin. D-Ill., says in statement.
* NOTE: Monsanto said today it’s merger with Syngenta would be
based in United Kingdom; related story
* Durbin calls on Congress to act to block inversions
*
* NOTE: Durbin is backer of legislation to change rules on
corporate inversions; S. 198 would make it more
difficult for companies to incorporate abroad to avoid
taxes
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To contact the reporter on this story:
Nicholas Johnston in Washington at +1-202-654-1264 or
njohnston3@bloomberg.net
To contact the editor responsible for this story:
Nicholas Johnston at +1-202-654-1264 or
njohnston3@bloomberg.net
2015-06-08 18:58:07.509 GMT
By Nicholas Johnston
(Bloomberg) -- “Hundreds of millions of dollars that could
be invested in the infrastructure, education and research that
companies rely on will be lost if Monsanto is allowed to go
through with this corporate inversion scheme,” Sen. Richard
Durbin. D-Ill., says in statement.
* NOTE: Monsanto said today it’s merger with Syngenta would be
based in United Kingdom; related story
* Durbin calls on Congress to act to block inversions
*
* NOTE: Durbin is backer of legislation to change rules on
corporate inversions; S. 198 would make it more
difficult for companies to incorporate abroad to avoid
taxes
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporter on this story:
Nicholas Johnston in Washington at +1-202-654-1264 or
njohnston3@bloomberg.net
To contact the editor responsible for this story:
Nicholas Johnston at +1-202-654-1264 or
njohnston3@bloomberg.net