News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Abbott Laboratories (ABT), Johnson & Johnson (JNJ) Park Billions in Offshore Tax Havens



8/5/2013 8:47:45 AM

Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

Abbott and Johnson & Johnson are among the U.S.-based companies that park billions in offshore tax havens, according to a U.S. PIRG report. Abbott (NYSE:ABT) parked some $40 billion in 107 overseas tax havens last year, making it 1 of the top 15 U.S. companies with the most money held offshore, according to a U.S. Public Interest Research Group report issued last month. Johnson & Johnson (NYSE:JNJ) put $49 billion into 55 havens around the globe in 2012, including 1 in the Cayman Islands, which has no income tax for companies that incorporate there. More than 18,500 companies use the same address to register in the Caymans, according to U.S. PIRG.

Help employers find you! Check out all the jobs and post your resume.

Read at MassDevice


comments powered by Disqus
   

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES