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价值300亿的金库曝光，平遥古城地下金银成山 | www.wenxuecity.com

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AbbVie used 2017 law to lower taxes to 9.5% from 20%: investigation

Dive Brief:
Senate Finance Committee Chair Ron Wyden, D-Ore., launched an investigation into the global tax practices of AbbVie, asserting that the pharmaceutical company used the 2017 changes in federal taxation and overseas havens to reduce its tax rate from 20% in 2016 to a 9.5% average from 2018 to 2020.
The committee probe will focus on how the 2017 law, passed with overwhelming Republican support, allowed AbbVie “to further abuse tax havens and avoid paying taxes on U.S. prescription drug sales.”
“Instead of using the massive tax cuts given to AbbVie by the 2017 tax law to reduce drug prices for American families, AbbVie has instead chosen to provide a $10 billion windfall to investors by substantially increasing the amount of money it spent buying back its own stock,” Wyden said in a June 2 letter to AbbVie CEO Richard Gonzalez. ....

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Asia tracks Wall St lower as US inflation bets perk up

Asia tracks Wall St lower as US inflation bets perk up
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Last Updated: Jun 04, 2021, 07:27 AM IST
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Synopsis
Japan s Nikkei fell 0.8% early in the Asian session, while MSCI s broadest index of Asia-Pacific shares outside Japan was off 0.3%.
Agencies
Chinese blue chips slipped about 0.1% at the open.
TOKYO: Asian stocks followed Wall Street lower on Friday as signs of a strengthening U.S. recovery boosted bets for higher inflation and an earlier tapering of Federal Reserve stimulus.
U.S. Treasury yields jumped, lifting the dollar and hurting tech shares, after better-than-expected employment data overnight raised expectations for a strong reading for nonfarm payrolls on Friday, while a measure of service sector activity climbed to a record high. ....

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Joe Biden: Biden order bans investment in dozens of Chinese defense, tech firms

The order prevents U.S. investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs, Biden said in the order. ....

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Ex-Treasury Official Sentenced to Jail for Leaks Related to Mueller Probe

A former Treasury Department official has been sentenced to six months behind bars for leaking thousands of confidential banking documents, including ones related to former President Donald Trump's campaign chair Paul Manafort, Russian diplomats in the United States, and special counsel Robert Mueller's probe. ....

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