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Medical merger part of tax inversion

Medical-device maker Medtronic’s deal to buy rival Covidien for almost $43 billion will help it escape US corporate taxes. Covidien’s US headquarters are in the US, but officially it is domiciled in Ireland, which has a relatively low tax rate. http://online.wsj.com/articles/medical-merger-part-of-tax-inversion-wave-1402876390?mod=WSJ_hp_LEFTWhatsNewsCollection

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