Thursday, July 21, 2016

How A Life-Saving Drug Maker Is Cheating You Out Of A $10 Billion Share Of Drug You Paid To Create

When an American company strikes it rich, it’s supposed to be good news for Americans who stand to benefit from improved public services paid for with the taxman’s share of the new glut of money. But sometimes that cycle goes awry.

Gilead Sciences tripled its profits in recent years by charging $1,000 per pill for a lifesaving Hepatitis C medication. But the firm has stiffed U.S. taxpayers by almost $10 billion by shifting its spiking profits around the globe in that same period, according to a new report from Americans for Tax Fairness (ATF)....
http://thinkprogress.org/economy/2016/07/13/3797834/gilead-tax-scheme-ireland/


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