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Pharmaceutical companies called on to explain tiny tax contribution

2015-06-02 12:00:15| Biotech - Topix.net

The five biggest suppliers of publicly subsidised medicines in Australia recorded sales of nearly $5 billion last year but paid an average of just $10 million each in company tax. Research by the Parliamentary Library, obtained by Fairfax Media, has disclosed the tax contribution of multinational pharmaceutical companies, including Pfizer and AstraZeneca, makers of common cholesterol drugs Lipitor and Crestor, respectively.

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Category:Biotechnology and Pharmaceuticals

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