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Gaming the US tax system: 'Wolf packs,' other strategies

This article was originally published in Scrip

Executive Summary

In an analysis of the US tax code, a US Senate subcommittee took aim at Valeant Pharmaceuticals and its acquisitions of American companies Medicis, Salix Pharmaceuticals and Bausch & Lomb – using the Canadian firm's deals to illustrate how foreign entities are profiting by gaming the US tax system.

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