North Carolina Justice Center: Profiles in corporate tax avoidance- Merck
ITEP Work in Action|
Merck & Co. at a glance
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| One of the largest pharmaceutical companies in the world; key player in global vaccine production and distribution. | |
| 2012 Sales: | $14 billion |
| 2012 Assets: | Total assets of the Merck Group—$28.3 billion |
| Total Profits 2008-12: | $19.6 billion |
| Profits held offshore: | $53.4 billion as of 2012 ($22.2 billion added betweem 2008 and 2012.) |
| Effective tax rate on total profits earned 2008-2012 (including those sheltered offshore: | 8.6% (18.4% when sheltered profits are excluded.) |