Pfizer touts drug sales, credits tax savings for surge in Q4 profit

Pfizer, deemed the largest U.S. drugmaker, says it will take advantage of the recent tax-law changes. The announcements come as the new tax law changes the effective corporate tax rate from 35 percent to 21 percent. The company reported Tuesday a gain of $11.34 billion, and said it would invest about $5 billion in the U.S. over the next five years. Like big banks and other major corporations, th e New York-based pharmaceutical giant said it would pay about $15 billion in taxes over eight years…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news