Pfizer Italia targeted by the Italian authorities.
According to what has been learned, the Guardia di Finanza in collaboration with the Revenue Agency has launched a tax audit which is still in progress.
This is an administrative activity whose outcome is not yet defined.
According to rumors reported by the Bloomberg agency, Pfizer would have transferred 1.2 billion euros in profits to divisions in other countries to avoid paying taxes on profits.
There is still no assessment report and the party has not yet been notified of anything.
The checks will continue in the next few days.
The survey, reports the Bloomberg agency, relates to the years 2017, 2018 and 2019, therefore before the Covid pandemic.
The Guardia di Finanza would have hypothesized that the Pfizer headquarters, located just outside Rome, Pfizer Italia Srl, would have transferred the excess capital to the affiliated companies Pfizer Production and Pfizer Manufacturing, in the United States and the Netherlands, to avoid the payment of taxes on profits that can reach up to 26%.
"The Italian authorities routinely" carry out checks and "Pfizer cooperates," says Pfizer spokesperson Pam Eisele with Bloomberg.
"Pfizer complies with Italy's tax laws and requirements," adds Eisele.