Skip to main content

U.S. drug makers see big profits — but many pay taxes far below the corporate rate

Drugmakers make big profits in the U.S. But many pay taxes far below the 21% corporate tax rate. Pfizer's effective tax rate is so low it's getting a big refund despite booking $59 billion in revenue.

[Copyright 2024 NPR]

Why you can trust KUOW
Close
On Air Shows

Print

Print

Play Audio
 Live Now On KUOW
KUOW Live Stream
On Air Shows

Print

Print

Play Audio
Local Newscast
The Latest
View All
    Play Audio