This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Big Stories For the Rest of 2014

Welcome Back to America

Pfizer (PFE) raised more than a few eyebrows when the New York based pharmaceuticals giant announced a deal to buy AstraZeneca (AZN) and invert its corporate home to the United Kingdom, which has a lower corporate tax rate.

While the move would be the first for a Down Jones Industrial Average conglomerate, it isn't a shock. Pharmaceutical giants have been moving to low-tax jurisdictions in droves through complex merger activity, and it is possible such tax-related strategies spread to other sectors.

However, if companies as prominent as Pfizer begin to try and shift their jurisdiction abroad, it might focus Washington on corporate tax reform. A more equitable U.S. and international tax system is a major topic of discussion in C-suites and on Wall Street but nothing has been done about it for years. At some point, Washington may react. Pfizer could be a turning point.

Taxes are one of the biggest stories facing U.S. corporations, which hold trillions of dollars in foreign profits abroad. A repatriation of those profits, instead of inversions to access them could drive a renaissance of corporate investment in the U.S.

>> Read More: Pfizer May Stay In Dow Even With Britain Move

-- Written by Antoine Gara in New York

6 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG
BRK.B $143.36 0.00%
CMCSA $58.41 0.00%
KO $40.91 0.00%
TMUS $33.85 0.00%
VZ $50.41 0.00%

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs