Pfizer Sold $20 Billion of Drugs But Paid No Taxes

April 29, 2025

https://childrenshealthdefense.org/defender/pfizer-tax-dodging-scheme-offshore-profit-reporting-big-pharma/

‘Largest Tax-dodging Scheme in the History of Big Pharma’: Pfizer Sold $20 Billion of Drugs to Americans in 2019, Paid No Taxes

Pfizer used an “egregious tax gimmick” to avoid paying taxes, joining a growing list of Pharma giants who have shifted their U.S.-based profit reporting offshore, according to a new Senate Finance Committee report.

by Brenda Baletti, Ph.D.
March 31, 2025
pfizer logo inside magnifying glass

By shifting profits offshore, Pfizer carried out what lawmakers say may be the ‘largest tax-dodging scheme in the history of big pharma,” according to Senate Finance Committee Ranking Member Ron Wyden (D-Ore.).

In 2019, Pfizer sold $20 billion worth of drugs to American consumers but reported zero dollars in taxable income to the U.S. government — the drugmaker claimed that all of its profits were earned offshore, according to a new investigation into the company published by the committee last week.

The scheme allowed Pfizer to avoid billions of dollars in taxes in a single year, Wyden said.

The company also signed nondisclosure agreements with the governments of Singapore and Puerto Rico about special tax deals in a move to conceal from Congress the details of its tax-avoidance plan.

Since 2021, Wyden has been spearheading investigations into large drugmakers’ tax strategies. He said Pfizer’s scheme was even larger than those of other Pharma giants, including AbbVie, Merck, Bristol Myers Squibb and Amgen. The committee’s investigation of the other drug companies uncovered similar large schemes to avoid paying corporate income tax rate on profits from drug sales to U.S. patients.

“Pfizer joins a growing list of massively-profitable pharmaceutical corporations that show little-to-zero U.S. profits on tax returns, even though the U.S. is big pharma’s largest customer market,” the report said.

The report focused on 2019 returns but noted that Pfizer also reported no taxable income in the U.S. in 2018 or 2020.

A recent review by The Lever also found that Big Pharma routinely engages in tax avoidance. In 2022, major U.S. pharmaceutical companies reported over $214 billion in revenue but only $10 billion in profits in the U.S.

Those same companies reported over $171 billion in revenue outside of the U.S. and over $90 billion in profits — but U.S. consumers pay the highest pharmaceutical costs.  (See link for article)

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**Comment**

Important excerpt:

Pfizer is headquartered in New York. It has more than 300 subsidiaries in more than 60 different countries, according to The Lever, with 98 subsidiaries based in known tax havens such as Ireland, Switzerland, the Netherlands, the British Virgin Islands, Singapore and Puerto Rico.

This is only one of many problems.
  • “Vaccine” Manufacturers are free from liability.

Since 1988 42 U.S. Code 300aa-22 states:

“No vaccine manufacturer shall be liable in a civil action for damages arising from a vaccine-related injury or death associated with the administration of a vaccine after October 1, 1988, if the injury or death resulted from side effects that were unavoidable even though the vaccine was properly prepared and was accompanied by proper directions and warnings.”

Then there’s the nagging little factoids that those doling out federal research grants actually control research by holding all the cards, forcing researchers to comply with an accepted narrative to get government money, as well as the fact public health ‘experts’ and politicians also own patents on the very things (drugs, tests, vaccines, etc) they are entrusted to protect the public from as well as set treatment guidelines.

Gee, what could go wrong?

Pfizer is a cess-pool.

For more:

The ruling by the Prescription Medicines Code of Practice Authority (PMCPA) follows a complaint about a message posted on social media in November 2020 by senior Pfizer employees. The complaint raised concerns about Pfizer’s improper use of social media to promote their Covid vaccine in violation of regulations. This behavior was found to be more widespread than initially believed and extended to the highest levels of Pfizer’s UK operation.

Evidently, Pfizer is deeply sorry.

Category:

Activism, Treatment, vaccines

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