U.S. should review drugmakers’ opioid settlement tax breaks – House panel

FILE PHOTO: The Johnson & Johnson logo is displayed on a screen on the floor of the NYSE in New York

WASHINGTON – The U.S. Justice and Treasury Departments should review the tax deductions four drugmakers made related to their $26 billion opioid settlement, the U.S. House Oversight and Reform Committee said in a statement on Monday.

The lawmakers, in a letter dated March 10, asked the departments to examine the tax breaks taken by Cardinal Health Inc, McKesson Corp, AmerisourceBergen Corp and Johnson &Johnson.

(Reporting by Susan Heavey; Editing by Katharine Jackson)

Reuters

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