Sunday, August 14, 2011

How Pfizer’s German Tax Problem Could Cost it $427M | BNET

According to Der Spiegel, prosecutors there believe Pfizer has avoided paying €300m (about $427 million) in tax to the government by shipping goods between Germany, Ireland and Belgium. Six Pfizer executives have been under investigation since 2006, and factories, storage depots, shipping departments, offices and private residences have been searched. The company is accused of intentionally obstructing the tax collection process.

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