Senate Finance Committee Probe Reveals How AbbVie Exploits Offshore Subsidiaries To Avoid Tax Bills

Provisions in the 2017 Republican tax law allow AbbVie Inc  (NYSE: ABBV ) to generate most of its sales in the U.S. while reporting virtually no income in the U.S. for tax purposes.  Data obtained  by the Committee shows that AbbVie reports virtually no income in the U.S. for tax purposes. In 2020, over 75% of AbbVie’s sales were made to American ... Full story available on Benzinga.com