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An employee stocks shelves at a Walgreens store in New York City, September 18, 2013.
An employee stocks shelves at a Walgreens store in New York City, September 18, 2013.
(Mike Segar/Reuters)

Tax move would be hazardous to Walgreen’s health

Giant U.S. drugstore chain Walgreen Co. has become the latest North American corporation to weigh a tax-saving relocation of its headquarters to a friendly European jurisdiction. Even if Walgreen were keen on such a transfer – its top executives have been resisting demands from some key investors – the optics look bad. And the political flak is sure to be heavy.