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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (803854)	8/26/2014 9:15:49 PM
From: puborectalis	Read Replies (3) of 1579568

House Speaker John Boehner (R-Ohio) and House Ways and Means Committee Chairman Dave Camp (R-Mich.) personally profited from a corporate tax loophole that they have opposed closing, according to Bloomberg. Boehner and Camp announced that they were selling their stock in Dublin-based Covidien shortly after the American medical technology company Medtronic agreed to acquire it. The merger would allow Medtronic to move its formal headquarters overseas to reduce its tax bill. According to Bloomberg, Covidien’s stock price shot up after the acquisition was announced, and both Boehner and Camp sold between $15,000 and $50,000 shares of their stock in the company.

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