Big drug companies:
Stop dodging taxes
The world’s biggest pharmaceutical companies are cheating women and girls out of the chance to beat poverty.
Big drug companies are making billions in profits while cheating poor people, especially women and girls, with sky-high drug prices and dodging hundreds of millions of dollars in taxes. That’s money governments could use for clinics and schools, nurses, doctors and medicines. It’s women and girls living in poverty who pay the highest price. Too often, it is poor women who rely more heavily on public healthcare services, and provide care for loved ones when health systems fail.
No one should watch their children suffer without healthcare or be forced to choose between buying food or the medicines they need to stay alive.
WHAT CAN WE DO?
As consumers we have a voice. We can demand that companies make changes that can have powerful results.
Johnson & Johnson is one of the largest drug companies in the world and sells products many of us know and use. But despite claiming to bear their fair share of taxes, they appear to be avoiding more tax than any of the other drug companies we investigated.
Tell Johnson & Johnson to:
- Pay their fair share of taxes
- Stop working to rig government rules in ways that undermine the fight against poverty
- Make their medicines affordable to the people who need them.
Prescription for Poverty
New Oxfam research shows that four pharmaceutical corporations—Abbott, Johnson & Johnson, Merck & Co, and Pfizer—systematically stash their profits in overseas tax havens. They appear to deprive developing countries of more than $100 million every year—money that is urgently needed to meet the health needs of people in these countries—while vastly overcharging for their products. And these corporations deploy massive influencing operations to rig the rules in their favor.. Tax dodging, high prices, and rigging rules by drug companies exacerbate the gap between rich and poor, between men and women, and between advanced economies and developing ones.
Oxfam is calling on pharmaceutical companies to pay their fair share of taxes, make their medicines affordable for people who need them, and stop rigging rules and policies in ways that undermine the fight against inequality and poverty.
We are calling on governments to insist that companies publish financial information about every country where they do business, so it is clear if they are paying their fair share of tax.
The human costs of tax dodging
People in the central forest of Junin province struggle to get health care for serious diseases, and the barriers are particularly steep for indigenous Asháninka women.
Lack of resources and a poor state of public health result in unnecessary deaths of children in one of India’s most populous regions.