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Drug companies give their tax affairs a clean bill of health ahead of Senate grilling

2015-06-29 11:26:20| Food - Topix.net

Tax Commissioner Chris Jordan said some drug-makers had attempted to "back profits out" of Australia through a combination of transfer pricing and royalty payments to subsidiaries abroad. Multinational drug companies are presenting a united front ahead of their appearance at the Senate's corporate tax avoidance inquiry, insisting they are honest, ethical and pay their fair share of tax.

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