Claims tagged with "Economic"

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Where a company holds its intellectual property is more important for its tax bill than the location of its manufacturing, tax experts said. 0.900

👤 Tax experts 📋 News Article 🏷️ Tax , Business , Economic

Simplified: Tax experts said where a company holds its intellectual property is more important for its tax bill than manufacturing location.

1 sources

1 month ago
He called for lower tax rates for companies making products in the United States. 0.900

👤 David Ricks 📋 News Article 🏷️ Tax , Business , Economic

Simplified: David Ricks called for lower tax rates for companies making products in the United States.

1 sources

1 month ago
Lower tax rates overseas “drove a lot of the innovative companies to make drugs in low-tax islands like Ireland and Singapore and Switzerland,” said David Ricks, chief executive of Eli Lilly. 0.900

👤 David Ricks 📋 News Article 🏷️ Tax , Business , Economic

Simplified: David Ricks said lower tax rates overseas drove innovative companies to make drugs in low-tax islands like Ireland Singapore Switzerland.

1 sources

1 month ago
Changing U.S. tax rules could more directly address the incentives that are motivating drugmakers, they said. 0.900

👤 Tax experts and pharmaceutical executives 📋 News Article 🏷️ Tax , Business , Economic , Regulation

Simplified: Changing US tax rules could more directly address incentives motivating drugmakers.

1 sources

1 month ago
Tax experts and pharmaceutical executives have said that tariffs would be at best a blunt instrument for discouraging corporate activity in Ireland. 0.900

👤 Tax experts and pharmaceutical executives 📋 News Article 🏷️ Tax , Business , Economic

Simplified: Tax experts pharmaceutical executives said tariffs would be a blunt instrument for discouraging corporate activity in Ireland.

1 sources

1 month ago
Last year, Ireland sent $50 billion worth of pharma products to the United States, most of which were made and shipped by multinational drug companies. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Ireland sent $50 billion worth of pharma products to the United States last year most of which were made and shipped by multinational drug companies.

1 sources

1 month ago
Irish trade data shows that about $35 billion worth of ingredients used in weight-loss drugs were exported out of Ireland in the first three months of this year. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: About $35 billion worth of ingredients used in weight-loss drugs were exported out of Ireland in the first three months of 2025.

1 sources

1 month ago
In the first five months of this year, shipments of pharma products from Ireland to the United States were up nearly fourfold compared with the same period in 2024. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Shipments of pharma products from Ireland to the United States were up nearly fourfold in the first five months of 2025 compared with the same period...

1 sources

1 month ago
In the past three years, some of the largest drugmakers booked 91 percent of their profits overseas, on average, up from 76 percent in the mid-2010s, according to an analysis by Martin Sullivan, a tax... 0.900

👤 Martin Sullivan 📋 News Article 🏷️ Business , Health , Economic

Simplified: Largest drugmakers booked 91 percent of profits overseas on average in the past three years up from 76 percent in the mid-2010s according to Martin Su...

1 sources

1 month ago
Last year, Ireland sent $50 billion worth of pharma products to the United States. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Ireland sent $50 billion worth of pharma products to the United States last year.

1 sources

1 month ago
But many of these companies register only a tiny share of the profits in the United States, helping them lower their overall tax bill. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Many multinational drug companies register only a tiny share of profits in the United States helping them lower their overall tax bill.

1 sources

1 month ago
They will be better positioned to weather the tariffs if they have “sophisticated tax skills,” Wall Street analysts at the investment bank Leerink wrote to investors in July. 0.800

👤 Wall Street analysts at the investment bank Leerink 📋 News Article 🏷️ Business , Health , Economic

Simplified: Drugmakers will be better positioned to weather tariffs if they have sophisticated tax skills according to Wall Street analysts at Leerink.

1 sources

1 month ago
If they keep production in Ireland, they face billions of dollars in levies. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Drugmakers face billions of dollars in levies if they keep production in Ireland.

1 sources

1 month ago
If they move manufacturing to the United States, they will most likely face a range of increased costs. 0.800

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Drugmakers will most likely face increased costs if they move manufacturing to the United States.

1 sources

1 month ago
Such strategies can be legal but have been repeatedly challenged by tax authorities. 0.900

👤 The author 📋 News Article 🏷️ Business , Economic , Regulation

Simplified: Strategies to shift patents and profits can be legal but have been repeatedly challenged by tax authorities.

1 sources

1 month ago
For decades, the free flow of medicines across borders “had the side effect of more or less providing manufacturers free rein to play tax games,” said Brad Setser, an economist at the Council on Forei... 0.900

👤 Brad Setser 📋 News Article 🏷️ Business , Health , Economic , Regulation

Simplified: The free flow of medicines across borders had the side effect of providing manufacturers free rein to play tax games according to Brad Setser.

1 sources

1 month ago
Drugmakers have long shifted their patents and profits there, as well, to avoid billions of dollars in taxes. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Drugmakers have long shifted patents and profits to Ireland to avoid billions of dollars in taxes.

1 sources

1 month ago
No other country sends more. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Ireland sends more pharmaceutical products to the United States than any other country.

1 sources

1 month ago
President Trump’s planned 15 percent tariff on medicines from Europe has shined a spotlight on Ireland, which sends the United States tens of billions of dollars’ worth of cancer medications, weight-l... 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic , Political

Simplified: President Trump's planned 15 percent tariff on medicines from Europe has shined a spotlight on Ireland which sends tens of billions of dollars worth o...

1 sources

1 month ago
Manufacturing in Ireland has long helped many American drug companies pay lower taxes. 0.900

👤 The author 📋 News Article 🏷️ Business , Health , Economic

Simplified: Manufacturing in Ireland has long helped American drug companies pay lower taxes.

1 sources

1 month ago