Date: 17-11-18  Time: 15:58 PM

Author Topic: American drug companies in Pakistan: tax dodgers, price gougers named  (Read 40 times)

Offline ayeshanoor

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Pakistan is among seven countries across the globe where four American drug companies appear to underpay and deprive the economies of the developing countries by an estimated ‘$112 million in taxes every year’, according to a research report published by Oxfam.
The new research report titled Prescription for Poverty: Drug companies as tax dodgers, price gougers, and influence peddlers, shows that “four pharmaceutical firms—Abbott, Johnson & Johnson, Merck, and Pfizer—systematically stash their profits in overseas tax havens. They appear to deprive developing countries of more than $100 million every year—money that is urgently needed to meet the health needs of people in these countries—while vastly overcharging for their products.”