Bloomberg: “Investigations of Finance on Pfizer. It would have transferred 1.2 billion in profits out of Italy to avoid paying taxes”

There Finance Police and theRevenue Agency have initiated a tax audit against Pfizer for an alleged evasion on profits from 1.2 billion euros. The news was spread by the agency Bloomberg specifying that, at the moment, the Italian authorities are carrying out only a verification activity, the outcome of which is not yet certain, but that no verification report has yet been notified. According to rumors released by the American newspaper, the pharmaceutical giant has transferred 1.2 billion euros in profits to divisions in other countries for avoid paying taxes on profits.

According to the first rumors circulated, what the Yellow Flames are carrying out the checks is one triangulation between Italy and the tax haven of Delaware to hide more than 1 billion in profits from the tax authorities. An operation, the one under the lens of Finance, which has materialized between 2017 and 2019therefore before the Covid emergency, and which involves the Pfizer Production LLC And Pfizer Manufacturing LLC based right in Delaware. The company would have decided not to distribute dividends in the three years under investigation precisely to prevent that money from being taxed in Italy.

The verification stems from a sample work that the financiers, together with the Revenue Agency, have been carrying out in recent years on multinationals to avoid internal transactions to large groups between Italy and foreign offices. “The company is offering maximum collaboration,” explained a Pfizer spokesperson a Bloomberg adding that the company has “complied with all tax regulations and Italian laws”.

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About Eric Wilson

The variety offered by video games never ceases to amaze him. He loves OutRun's drifting as well as the contemplative walks of Dear Esther. Immersing himself in other worlds is an incomparable feeling for him: he understood it by playing for the first time in Shenmue.

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