Move From Canada
The author of this report has been asked to consider a question about whether a pharmaceutical company should move from its current location outside Toronto to the United States in light of a few factors. These factors include their land outside of Toronto being very valuable, the fact that the taxes and costs of doing business being higher in Canada, the lowered trade barriers that came from the North American Free Trade Agreement (NAFTA) and a few other reasons. While it may seem like an easy decision to make, the company should be diligent about whether they make the move or not because there are both financial and non-financial considerations that should be taken seriously.
Analysis
As noted in the parameters of the assignment, there are several reasons why a move from Canada to the United States, with the destination state being Colorado, would be a good decision for the company in question. For one, the land that the company owns is worth a cool seven million and that does not count the buildings, structures and infrastructure that exists on the land. Second of all, the passage and implementation of the North American Free Trade Agreement has made cross-border trade and commerce much cheaper and easier to pull off than it was before the 1990's. Fourth, the taxes and labor costs in Canada are much higher than they would be in the United States and Colorado. While the financial considerations seem to be favorable, there are a few things that should be pondered and assessed before making a move.
Even so, this is something that the company should consider as they do have a duty (and a right) to explore options that will bring their costs down. Indeed, prescription drugs are an item that garners a lot of attention when it comes to cost and if the costs of the drugs can be brought down in terms of manufacturing cost and so forth, it could be a boon to consumers without hurting margins. It would also make the firm more competitive with firms that are already in the United States and/or have otherwise leveraged a way to lower costs in the same or similar manners. The twelve-month plan…
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