Medtronic's tax plan prompts calls for tax reform
Members of Minnesota's congressional delegation expressed concern Tuesday about Medtronic's plans to relocate its corporate headquarters to Ireland as part of its $43 billion acquisition of Covidien.
Such a move could potentially have a big effect in lowering Medtronic's tax bill to Uncle Sam. The planned deal comes as lawmakers say they want to overhaul the tax system -- but remain deadlocked as to how.
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