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Based in Ireland but enjoying US privileges

Many prominent US companies have set up operations overseas to lower their tax bills

Published Sun, Sep 11, 2016 · 09:50 PM
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Washington

MEDICAL device maker Medtronic found itself in an enviable position in March when one of its executives joined a US trade mission to Peru, where there is a booming healthcare market. The trip included "matchmaking" meetings with Peruvian businesses and networking luncheons with the Lima Chamber of Commerce.

The delegation of more than a dozen healthcare companies also visited a new US$75 million hospital serving 600,000 people in Villa El Salvador, a sprawling shantytown on the outskirts of Lima. There, Medtronic received an influential shout-out. "Toured new state of the art hospital . . . Mission member @Medtronic provided their tech," Bruce Andrews, the deputy secretary of Commerce leading the trip, said in a Twitter post.

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