July 17, 2014 By Jack Jodell.
Greedy, corporate tax evasion has hit one of America’s oldest, and the country’s largest retail pharmacy chain: Walgreens Drug stores. Begun in Chicago in 1901 by Charles R, Walgreen, the son of Swedish immigrant parents who became a pharmacist. Charles was quite an innovator: he was one of the first drug retailers to feature non-pharmaceuticals as a big part of his inventory, and quickly established inexpensive lunch counters in his stores. As ice cream grew in popularity, Walgreen opened his own ice cream factory, and, by 1922, had introduced malted milk shakes to the country. Walgreen expanded his number of stores relatively rapidly, growing from the one store in 1901 to 5 by 1915 and 20 by 1920. During Prohibition, the chain continued to grow and thrive partly by selling legal prescription whiskey. Today, this pharmacy giant boasts an astounding 8,678 stores throughout the United States and its possessions. The latest Wall Street stock figures show this to be a company with rising revenues and dividends – rock solid. Despite all this, it has been announced that Walgreens may move its headquarters from Deerfield, IL to Sqwitzerland to aoid paying U.S. taxes. The company claims it will save as much as $750 MILLION by doing this. Of course, while it may then become technically a Swiss-owned corporation, it will continue to make all of its revenue and profits here; will still depend upon OUR roads and airports to move its goods upon; will still depend upon OUR police and fire departments to protect its stores, yet will avoid all tax liability within this country. This nifty little scheme is called tax inversion, and is completely outrageous! While corporate predators like Mitt Romney may consider this to be an advantageous shrewd move, in reality it is a slap in the face of every American worker, consumer, and taxpayer!
That is why I am STRONGLY urging ALL Americans to BOYCOTT WALGREENS DRUG STORES IMMEDIATELY, until this greedy corporation comes to its senses and completely drops this plan to defraud the American government and its people!
Let’s all BOYCOTT WALGREENS and teach the greedy corporate schemers there a well-deserved lesson in ethics!