BEIJING, Nov. 4 (Xinhua) Nine case studies of BRICS Best Tax Practices have been released at a recent meeting of the heads of tax authorities of the BRICS co
every lever possible to do so that s why we re working now to import formula from abroad to get manufacturers to increase production here to get the plant that was actually shut down back online quickly. okay. kate, there s breaking news here tonight. the senate wants to investigate the companies whose plant had to shut down, more or less, triggering this crisis. that s right. the senate finance committee, lester, the chairman asking the formula manufacturer abbott for information on its tax practices, conditions at that plant before it closed, and $8 billion in stock buybacks the company has authorized since 2019 and tomorrow, lester, the fda commissioner will be on capitol hill, sure to take some tough questions. all right, kate thanks very much we want to turn to kristen welker at the white house. let s go back to the defense production act decision we ve seen it used to deliver covid supplies how will the biden administration use it this time? lester, that s right. in thi
suggest. you have members of congress who are trying to do something about this and someways on the investigative side because that s what we re hearing now from the oregon senator, democrat from oregon who is launching this investigation out of the tax practices of abbott. explain this, right? the allegation it seems from senator widen is that abbott was sort of busy working with its numbers when it should have been looking more closely into the conditions at its facility that had shut down and triggered this recall. that s right, hallie, ron wyden is an important figure and wrote a letter asking a series of specific questions to the chair and ceo of abbott laboratories including how did their effective tax rate decline so much to 12% in the last three years? what kind of foreign tax exceptions have they taken and what has their income been? how much have they spent on