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BioWorld - Monday, April 27, 2026
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Home » IRS tries to close door on the pharma hunt for foreign addresses and less tax
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IRS tries to close door on the pharma hunt for foreign addresses and less tax

Sep. 24, 2014
By Mari Serebrov
U.S. drugmakers' quest for tax-friendly foreign addresses could get waylaid by the Treasury Department's efforts to end corporate inversions. The inversions, which involve U.S.-based multinationals moving their tax residence overseas to take advantage of more favorable corporate tax rates, have become a popular theme in the pharmaceutical industry over the past few years, with several companies acquiring addresses in Ireland.
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