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What Big Pharma Is Not Telling Investors About Taxes
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Subscribe20 MAY 2025 / BUSINESS
President Trump's May 12 executive order demands US drugmakers to reduce their prices to match the lowest ones in developed countries. However, the Big Pharma industry's tax evasion scheme could thwart the intended price drop, as pharmaceutical giants have been found to be routing profits through subsidiaries located in low-tax countries, leaving US taxpayers to cover large tax losses, and costs of research and development.
Hotter than a stolen script at an FDA hearing, Trump’s May 12 executive order lit a fire under the pharma industry. The order? Drugmakers must slash U.S. prices to match the cheapest ones in developed countries—or else. With threats ranging from tariffs t...
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