Overseas Tax Savings for US Drugmakers Under Threat

March 2013
MondayMorning;3/18/2013, Vol. 21 Issue 10, p1
The article discusses the tax savings by the U.S. drug manufacturing companies by shifting ownership of trademark and patents in countries with less or no tax. Also discussed is the possibility of tax reform in the U.S. which is expected to return profits from corporate world for job creation and investment. Various companies which are shifting profits include Merck & Co. Inc., Pfizer Inc. and Johnson and Johnson.


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