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American consumers buying European goods will be punished because of US pharmaceutical companies tax avoidance strategies.
Sad.
23 tuntia sitten
Europeans are being punished for the actions of American companies that have relocated to the EU (mainly Ireland) to avoid paying US corporate income tax rates. A sad commentary on the quality of thinking behind US trade policy.
Hard to overstate the impact US pharma companies have had on Europe's global trade numbers. The EU's global surplus more or less disappears now without Ireland's pharma surplus with the US
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