Drug companies embroiled in tax row
Aug 22, 2007
By Kimberly Kweder

LAX TAX: The Lithuanian government is concerned that it is not getting its full share from
pharmaceutical sales; estimates are that the state is losing as much as 29 million euros per year.
VILNIUS
- International pharmaceutical
companies operating in
Lithuania have become
involved in a dispute with the
State Tax Inspectorate after the
latter accused them of tax evasion
and demanded they pay up.
The controversy stems from an
audit of the activities, since 2005,
of several pharmaceutical companies
operating in the country. The
audit concluded that some
Lithuanian branches of international
pharmaceutical dealers,
whose activities are purportedly
limited to marketing, ...
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