Via Burn Bag:
“If Pfizer becomes Irish to lower its taxes, will the State Department kick Pfizer out of Diplomatic Security’s Overseas Security Advisory Council (OSAC)? Let Irish Pfizer contact the nearest Irish Embassy in case there’s a problem.”
Note: The Overseas Security Advisory Council (OSAC) was created in 1985 under the Federal Advisory Committee Act to promote security cooperation between American private sector interests worldwide and the U.S. Department of State. The office is led by an Executive Council of private sector organizations and the Bureau of Diplomatic Security, under the U.S. Department of State. News report says that Pfizer, an American multinational pharmaceutical corporation headquartered in New York City, with its research headquarters in Groton, Connecticut, will shift its global headquarters to Ireland, for tax purposes, following a deal to merge with smaller Dublin-based rival Allergan in a transaction that is expected to close next year. If the move is successful, Pfizer’s global profits will potentially be liable for tax at 12.5% rate in Ireland instead of the 35% in the United States.