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AbbVie is known as one of the largest pharma beneficiaries of the U.S. tax reform. Just how much has it gained? In the first nine months of 2018, the Illinois pharma has paid just 4.5% of the income taxes it shelled out the same period last year.
Merck executives praised the U.S. government for tax reform on Friday, but the drugmaker is projecting a flat tax rate this year as many of its peers expect a benefit.