Amgen says repatriating earnings held overseas to cost it $6B in taxes

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Amgen says repatriating earnings held overseas to cost it $6B in taxes

By Staff Report / Tuesday, December 26th, 2017 / Comments Off on Amgen says repatriating earnings held overseas to cost it $6B in taxes

Thousand Oaks-based biotech giant Amgen said repatriating earnings held overseas is likely to cost it between $6 billion and $6.5 billion in taxes. It did not say the net amount that would be transferred or at what rate it would be taxed. “The company expects to have access to its accumulated global cash as well…

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