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Press watch: Alliance Boots

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‘Stefano Pessina, executive chairman of Alliance Boots, has launched a stinging attack on the climate for big business in the UK, warning that a relentless focus on tax could drive away global corporations ...

‘While he welcomed moves by the UK government to cut the rate of corporation tax, he said: “The atmosphere of the country should be consistent with what the government is trying to do, and the general atmosphere of the country is really more and more against business.”

‘Alliance Boots, the high street chemist chain and pharmaceuticals wholesaler, has been resident in Zug in Switzerland since shortly after Mr Pessina and Kohlberg Kravis Roberts took the group private in a £12.4bn deal in 2007.’

Financial Times, 30 April 2012

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