Khadija Sharife analyzed the public disclosures of nine pharmaceutical companies and found that collectively they have dodged paying about $140 billion in taxes by stashing $405 billion in income in offshore tax havens. Sharife also shows that the alleged cost of obtaining a patent trotted out by Big Pharma is the product of artificial expenses and mispricing. Increasingly, it’s public institutions, which are deprived of funding by pharma’s tax avoidance strategies, that overwhelmingly pay for and develop new medicines.
Research Article|March 01 2016
Big Pharma’s Taxing Situation
World Policy Journal (2016) 33 (1): 88-95.
Khadija Sharife; Big Pharma’s Taxing Situation. World Policy Journal 1 March 2016; 33 (1): 88–95. doi: https://doi.org/10.1215/07402775-3545906
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