MA opens up on tax

July 24, 2015

Medicines Australia has provided a supplementary submission to the Senate Inquiry into Corporate Tax Avoidance, which has seen senior executives from pharmaceutical companies operating here accused of trying to minimise tax (PD 30 Jun). MA says it’s aiming to “address a number of key misconceptions which have arisen from the July hearing,” giving a detailed breakdown of the rules relating to transfer pricing. “It also seeks to clarify the role of senior executives in the pricing process and also outlines how the PBS provides a government subsidy to patients, not companies. “Medicines Australia is determined to eradicate these misconceptions which have been left to stand without scrutiny,” the organisation said in a statement issued late last night.

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Pharmacy DailyPharmacy Daily | MA opens up on tax

MA opens up on tax

Other recent headlines

Prescribing endorsement consultation opens

Call for embedded rural pharmacist pilot

MTick: Behind the menopause ‘one-stop shop’

SEARCH PHARMACY DAILY

Featured video

Recent issues

INDUSTRY JOB VACANCIES