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Medtronic move shows U.S. in need of reforms

June 25, 2014
Gary Andersen, Lee Smith , Fairmont Sentinel

The chairman and CEO of Medtronic, Omar Ishrak, recently said the company is planning to spend $42.9 billion to acquire an Irish company that makes medical devices. In the merger, Medtronic will move its corporate headquarters from Minnesota to Ireland to take advantage of Ireland's lower corporate taxes, and to access the billions in foreign profits it has stashed away.



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