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Ireland Finance Chief Denies Abbott Laboratories (ABT), Boston Scientific Corporation (BSX) Paid Little in Taxes


9/27/2013 8:28:51 AM

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Irish finance minister Michael Noonan denied "emphatically" a recent report putting Boston Scientific's (NYSE:BSX) and Abbott's (NYSE:ABT) effective corporate tax rates in the country at 4% and 0%, respectively. The report had claimed that Boston Scientific paid $60 million in taxes on revenues of $1.4 billion in 2011, and that an Abbott subsidiary paid no taxes at all on profits of $1.8 billion, the Irish Examiner reported. The authors further suggested a sort of minimum corporate tax, which Noonan also rejected.

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