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The drugs don’t work for tax havens any more
December 1st, 2009
Pharma industry faces rising tax burden, PwC says | Markets | Europe | Reuters .

On top of patent expiries and healthcare reform, drugmakers have something else to worry about — rising tax bills.

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The effective tax rate for the pharmaceutical industry is set to increase as its business model changes and governments take an increasingly tough line on tax-reduction strategies, consultancy PricewaterhouseCoopers (PwC) said on Tuesday.

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For the past 20 years Big Pharma has enjoyed a benign legislative and commercial...

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Do you know any tax superheroes?
November 20th, 2009
Christian Aid today launches its latest Alternative Tax Award – Tax Superhero of the Year – and invites nominations of suitably qualified firms and individuals. The award has been introduced to highlight the tremendous potential accountants have to change the world for the better by helping developing countries collect more of the billions of dollars’ tax that they are owed. ‘Do you know of an individual accountant, or perhaps a firm which deserves recognition for its outstanding contribution to the health of developing countries’ tax administrations or revenues?’, asks Dr David McNair, Christian Aid’s tax policy expert. ‘This could be, for...
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UN corruption convention rendered toothless
November 13th, 2009
The following has been issued by Christian Aid, Global Witness and tear Fund and is too important not to note:

Doha: A handful of countries are responsible for the failure of a crucial meeting to agree to an effective mechanism that would give a global anti-corruption treaty real power, said Christian Aid, Global Witness, and Tearfund today.

China, Russia and Egypt are among the governments who have weakened proposals for a peer review mechanism designed to ensure signatory countries to the UN Convention against Corruption (UNCAC) live up to their commitments.

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Right Foot forward
October 29th, 2009
Much as expected, the Foot report into the Crown Dependencies and the Overseas Territories is disappointing. Appoint the wrong man to do the job – and Michael Foot was always the wrong man to do this job – and he has even defected to the Tories whilst undertaking it in an extraordinary show of poor etiquette – and you will get the wrong answers. How could a man who makes his living from offshore have ever done this job? But the report, none the less seeks to delivers some small punches. It is, for example, adamant...
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