How Drug Companies Are Boosting Profits Through Tax Gimmicks, Not New Medicine

How Drug Companies Are Boosting Profits Through Tax Gimmicks, Not New Medicine: In the last few years, tech companies have gotten very good at using offshore tax havens to drive down their effective tax rates. And they evidently have some company. The Wall Street Journal noted today that drug companies are also increasingly using offshore tax gimmicks to drive down their tax rates, boosting profits without investing [...]/p