Walgreens says its not relocating to Europe - WDRB 41 Louisville News

Walgreens says its not relocating to Europe

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LOUISVILLE, Ky. (WDRB) - Walgreens has said the drugstore chain is not moving to Europe.

The company was considering making the move after it bought the European drugstore chain Alliance Boots.

Moving its corporate offices overseas might have helped Walgreens reduce its tax bill.

The company now says it's unlikely the IRS would approve that kind of move.

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