Mar 26, 2020
For today's special quarantine edition we are shifting our focus to the political economy of Minnesota's Billion dollar Medical Technology industry in light of the Corona virus pandemic. In 2014 Medtronic executed the largest "Tax Inversion" in history, shifting its legal headquarters to Dublin, Ireland in order to take advantage of Ireland's low corporate tax rate. There is a profound connection between Medtronic's tax offshoring and our gutted public health infrastructure in the United States. We look at Medtronic and beyond to ask how MN can have some of the most prosperous Medical companies in the world but not enough tests, masks, beds or ventilators?
As always, shout out to our producer Issac Specktor