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US medical device maker Medtronic’s plan to move its tax base to Ireland may be in doubt under rules announced by the Obama administration yesterday.

Medtronic, the Minnesota-based medical device maker that’s planning to take an Irish tax address, may become one of the biggest losers under rules ann(...)

Tim Hortons employees prepare coffee before the company’s annual general meeting in Toronto. Burger King Worldwide is in talks to acquire Tim Hortons. The combined company would be headquartered in Canada, where Tim Hortons is based and taxes are generally lower than in the US. Photograph: Peter Jones/Reuters
Inversion express slow to crawl

President Barack Obama’s full- throated denunciation of overseas mergers that lower US companies’ taxes is throwing cold water on potential deals. On (...)

Burger King is in merger talks with Canadian chain Tim Hortons. If the proposed merger goes ahead the new company would be the world’s third largest fast food chain. According to reports the company plans to be based in Canada to avoid paying US taxes, a so called tax inversion deal. Photograph: FACUNDO ARRIZABALAGA/EPA

Burger King Worldwide is negotiating to buy Canadian coffee and doughnut chain Tim Hortons and relocate its base to the US neighbor, where corporate t(...)

Aer Lingus closed down 1.6 per cent at €1.314 after it emerged that Denis O’Brien had sold 4.1 million shares in the airline, to reduce his stake to 2.4 per cent. Photograph: Peter Muhly/Getty

European stocks dropped to their lowest level in more than three months as concern mounted about a build-up of Russian troops along the border with(...)

 To woo Shire, the US biopharmaceutical  company AbbVie trod cautiously in takeover bid. Photo: Bloomberg

Susan Kilsby had not been chairwoman of the drugmaker Shire for even a week when she received an office call that would set off a frenzied trans-Atlan(...)

Dublin-headquartered Shire has been domiciled in Ireland for tax purposes since 2008

CHARLIE TAYLORAfter four unsuccessful bids, biopharmaceutical giant AbbVie has succeeded in acquiring peer Shire after upping its offer at the weekend(...)

Tablets of Shire’s Adderall. Abbvie is paying about £52.48 per share for Shire. Photo: Bloomberg

US drugmaker AbbVie bought Dublin-based Shire on Friday in a $53 billion-pound deal that will allow it to slash its tax bill by relocating to Britain.(...)

Jacob “Jack” Lew, US treasury secretary.   Mr Lew has urged members of Congress  to pass legislation immediately to stop US companies from shifting their legal addresses overseas

The Obama administration has added its voice to the growing chorus of criticism of US companies shifting their legal addresses overseas, in many cases(...)

Vitamins made by Shire are displayed at a chemist’s in northwest London. European shares rose on Monday, boosted by M&A activity in the pharmaceutical sector. Photo: Reuters

European shares rose on Monday, boosted by M&A activity in the pharmaceutical sector and rallying from near two-month lows after their biggest wee(...)

US drugmaker AbbVie has been forced to retract comments by its chief executive about shareholder support for its bid for Shire after being caught out(...)

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