The Wall Street Journal reported:
Big drug companies and their lobbyists have a message for Congress: Don’t raise taxes on the industry that brought you fast-tracked COVID-19 vaccines.
Pharma executives, lobbyists and consultants are mobilizing to fight what has become a threat to drug companies’ bottom lines: a sweeping agreement by many of the world’s biggest economies to better harmonize corporate taxation around the globe. Earlier this month, 130 countries agreed to broad outlines of a deal that would, among other steps, establish a minimum corporate tax of 15% within their countries, reducing opportunities for international tax avoidance.