DevinCauley-Towns t1_izzh6yq wrote
Reply to comment by [deleted] in [OC] Visualising Pfizer's latest income statement. Pharmaceutical profit margins are notoriously higher than most other industries by giteam
I don’t think people believe the accounting practices are shady per se. It’s more so that the system is broke if a company can generate 10s of billions in revenue AND profit while only paying a few % (1.5% of revenue in this case) in taxes. I don’t care what legal or illegal means are used to get there. They simply should be paying a much more substantial amount of their profits towards the government and therefore society at large. Especially in a case where some these companies are causing tremendous harm like many pharmaceutical companies today.
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