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Medtronic Joins List of Minnesota Companies Relocating Headquarters

Medtronic has announced their intention to acquire a company as a way to move their headquarters from Minneapolis to tax-friendly Ireland to save the company billions of dollars.
“This is not good news, and every Minnesotan should be concerned with this announcement,” said Chairman Keith Downey of the Republican Party of Minnesota. “They have of course stated their commitment to keep and grow their Minnesota operations, but like Nash Finch and others before them, in these deals it is usually just a matter of time before the operations shrink too.”
While Medtronic CEO Omar Ishrak was careful not to pin the decision on any one tax or regulation, it is hard to miss the timing of their move considering the imposition of Obamacare’s medical device tax as well as state policies making it more difficult for companies to do business in Minnesota.

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