Pharmaceutical companies accused of profit shifting not being taken to court

By Nassim Khadem
Updated July 28 2015 - 1:18pm, first published 12:20pm
While getting billions in subsidies from the federal government, pharmaceutical companies on average pay tax equivalent to just 1 per cent of their revenue.  Photo: Louie Douvis
While getting billions in subsidies from the federal government, pharmaceutical companies on average pay tax equivalent to just 1 per cent of their revenue. Photo: Louie Douvis

None of the pharmaceutical companies that are accused of profit shifting have been taken to court, the Australian Taxation Office has said in written responses to the Senate inquiry into corporate tax avoidance.

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