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World Business Report: First broadcast 2016/04/06 17:32 GMT: Pfizer/ Allergan Merger Called Off

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Pfizer/ Allergan Merger Called Off

First broadcast 2016/04/06 17:32 GMT

First broadcast 2016/04/06 17:32 GMT: Pfizer/ Allergan Merger Called Off

BBC World Service - World Business Report, Pfizer/ Allergan Merger Called Off

The biggest drug company merger of all time is cancelled.

Pfizer plan to merge with Ireland's Allergan is dead in the water because of US worries about lost tax.

The biggest drug company merger of all time is off. We hear why the US taxman was unhappy about Pfizer's attempt to cut its tax bill with a transatlantic wedding from Richard Rubin, who covers US tax policy for the Wall Street Journal. Also in the show: how some of China's rich break laws to sneak their money out of the country, in order to invest it overseas. And, as Uber launches in Kenya - what impact is it having on regular taxi drivers?

Picture Credit: Simon Dawson/Bloomberg via Getty Images.

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First broadcast 2016/04/06 17:32 GMT: Pfizer/ Allergan Merger Called Off

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