Ex-Biden adviser decries current set-up for pharmaceutical giantsBipartisan push in Washington DC for reformsEconomist Brad Setser says Donald Trump-era tax act is a ‘particular boon to our Irish friends’
US vice-president Kamala Harris. Photo: Reuters
Ireland’s success in reaping a huge taxation windfall from US pharma giants has once again come under the spotlight in Washington DC with a new proposal to force big drug firms to pay more tax in America.
Influential economist — and former Biden administration official — Brad Setser has hit out at what he claims is zero tax paid in the US by a number of major drug manufacturers, all of which have substantial operations in Ireland.