Senate Finance Committee looks at Amgen taxes, widening drugmaker probe [Financial Post (Toronto, Ontario, Canada)]
Amgen Inc. (AMGN)
Last amgen inc. earnings: 4/30 04:01 pm
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Source: Financial Post
Advertisement Amgen is already in the crosshairs of the U.S. Internal Revenue Service over its tax practices, particularly how it allocates profits between the U.S. and Puerto Rico. The IRS is after more than $10 billion in back taxes and penalties the California-based biotech firm, although Amgen has said it believes the proposed adjustments and penalties are without merit. Wyden, a Democrat from Oregon, and his committee have been looking into how the tax law passed by Republicans in 2017 has benefited large U.S. drugmakers like Amgen, Merck and AbbVie, and whether those companies have been exploiting foreign subsidiaries to avoid taxes. He sent a letter to Amgen Chief Executive Robert Bradway on Thursday asking what methods the company has used in order to pay an average effective tax rate of around 12 percent over the past 4 years. Wyden’s office provided a copy of the letter to Reuters. “We can confirm that Amgen received a letter from Chairman Wyden regarding the company’s
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News
- Biologic Therapeutics Drugs Market Size Projections Exhibit a CAGR of 12.2%%, Likely to Attain a Value of USD 1485.0 Billion by 2033 [Yahoo! Finance]Yahoo! Finance
- Microbial Products Market to Gain $286.53 Billion, by 2033 with 6% CAGR: States The Brainy Insights [Yahoo! Finance]Yahoo! Finance
- Why Amgen (AMGN) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- 3 Generic Drug Stocks to Watch Amid Challenging Market Prospects [Yahoo! Finance]Yahoo! Finance
- Amgen Inc. (NASDAQ: AMGN) had its price target lowered by analysts at UBS Group AG from $314.00 to $284.00. They now have a "neutral" rating on the stock.MarketBeat
AMGN
Earnings
- 2/6/24 - Beat
AMGN
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- 4/10/24 - Form ARS
- AMGN's page on the SEC website