Pfizer – now Pfizer-Allergen, once one of the pillars in Connecticut’s emergent and lucrative bio-science industry -- is moving its headquarters from New York to Ireland. Pfizer is merging with Allergan, which is headquartered in Dublin. The move and merger will save the conjoined company about $2 billion, not chump change in the competitive world of bio-science.
When news of the move to Ireland reached the ears of U.S. House Representative Rosa DeLauro, she affected shock and then fumed, in chorus with Democratic presidential candidate Hillary Clinton, “We cannot continue to allow Pfizer and other corporations to pretend that they are American while reaping the benefits this country has to offer, yet claiming to be another nationality when the tax bill comes. Congress and the administration must do more to prevent these companies from moving their mailboxes abroad to avoid paying taxes in the United States."