THANKS to Oxfam we are reminded the pharmaceutical industry is only interested in their profit margins and not in meeting their obligations to the American social contract or to the greater good of any society / country they are operating in. The drumpf / trump-pence administration has promised to take action to force the drug companies to lower the prices on their products but that was just political propaganda. drumpf / trump-pence and the republican / gop-greed over people party continue to protect the greed of these companies, increasing their profit margins. Please click the link to sign Oxfam's petition to johnson & johnson demanding they honor their promise to pay their fair share of taxes in America and around the world.....
I have a two year old daughter. Every night we go through the same routine, dinner, bath-time, stories, and then bedtime. If you have young kids you’ll recognize this beautiful struggle. You might even use the same bath-time products we do- Johnson & Johnson baby soap, maybe you even remember their tagline: “no more tears”.
No more tears? It’s a lie. The truth, based on shocking new research from Oxfam, is that Johnson & Johnson is hiding a dirty little secret: they’re cheating taxpayers out of billions of dollars that should be going towards providing healthcare, schools and basic services to children here in the US and around the world.
Sign the petition to demand that Johnson & Johnson pay their fair share.
But we can do something about it. Johnson & Johnson has already signed a corporate credo committing to pay their fair share of taxes; as consumers we have the power to demand that they live up to their promises.
Will you raise your voice with me?
Please sign this petition so we can deliver your voice and demand that Johnson & Johnson pay what they really owe!
Ben Grossman-Cohen
Global Campaign Manager
Oxfam
Prescription for Poverty
Drug companies as tax dodgers, price gougers, and influence peddlers
New Oxfam research shows that four pharmaceutical corporations—Abbott, Johnson & Johnson, Merck & CO (MSD), and Pfizer—systematically stash their profits in overseas tax havens. They appear to deprive developing countries of more than $100 million every year—money that is urgently needed to meet the health needs of people in these countries—while vastly overcharging for their products. And these corporations deploy massive influencing operations to rig the rules in their favor and give their damaging behavior a veneer of legitimacy. Tax dodging, high prices, and influence peddling by drug companies exacerbate the yawning gap between rich and poor, between men and women, and between advanced economies and developing ones.
Download the full Excel data sheet to see the breakdown of revenues and profit margins by company and country.
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