We Stopped Pfizer’s Giant Tax Dodge, Now Let’s End the Stock Market Manipulation @alternet

We Stopped Pfizer’s Giant Tax Dodge, Now Let’s End the Stock Market Manipulation @alternet:

"Now that new Treasury Department rules have effectively thwarted Pfizer's attempt to evade its U.S. tax obligations by using its proposed merger with Allergan to do a tax inversion, it's time policymakers turned their attention to a far more common, and even more damaging corporate practice: stock buybacks. This mode of distributing corporate cash to shareholders helps pump up the pay of Pfizer's senior executives, while, as President Obama said of the tax inversion, "it sticks the rest of us with the tab"."