Oh, the joys of blogging. For the past several days, I’d intended to write something up on corporate income tax. The Chicago Tribune has had multiple articles lately on “inversion” — the process in which a U.S.-domiciled corporation acquires a foreign corporation and moves its headquarters to that foreign country, with lower corporate tax rates. Walgreens, a local drugstore, is considering this move with its acquisition of Alliance Boots, a European drugstore chain headquartered in Switzerland, and recent articles have... Read more