U.S. drug makers see big profits — but many pay taxes far below the corporate rate
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Drugmakers in the U.S. are making big profits, but many are paying taxes far below the 21% corporate tax rate. For example, Pfizer's effective tax rate is so low that it is receiving a big refund despite booking $59 billion in revenue.
#DrugMakers #Taxes #CorporateTaxRate #Profits
https://www.npr.org/2024/04/12/1244509038/u-s-drug-makers-see-big-profits-but-many-pay-taxes-far-below-the-corporate-rate
NPR /
npub1ul…6wmv3
2024-04-12 22:56:42
Author Public Key
npub1ulz3svknlcugdne49enhvn78h9xra297m7mx244hs85pfs9r7k4sq6wmv3Published at
2024-04-12 22:56:42Event JSON
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"content": "U.S. drug makers see big profits — but many pay taxes far below the corporate rate\n==========\n\nDrugmakers in the U.S. are making big profits, but many are paying taxes far below the 21% corporate tax rate. For example, Pfizer's effective tax rate is so low that it is receiving a big refund despite booking $59 billion in revenue.\n\n#DrugMakers #Taxes #CorporateTaxRate #Profits\n\nhttps://www.npr.org/2024/04/12/1244509038/u-s-drug-makers-see-big-profits-but-many-pay-taxes-far-below-the-corporate-rate",
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