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Pfizer Allergan Merger Would Spark Debate on U.S. Corporate Taxes

A mega-merger between Pfizer (PFE - Get Report) and Allergan (AGN - Get Report) could spark a political fight over corporate taxes during a presidential election year.

Pfizer reached out to Allergan to begin negotiations about a potential combination, which would create the world's largest pharmaceutical company, according to the Wall Street Journal, citing unnamed sources close to the situation.

Lowering its corporate tax burden is a key motivating factor for New York-based Pfizer in any blockbuster deal. As long as the deal is structured correctly, a merger with Dublin-based Allergan would allow Pfizer to "invert" or take on the lower corporate tax rate available to companies which domicile in Ireland instead of the U.S.

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