Pharmaceutical companies are planning to deduct restitution payments from opioid lawsuit settlements from their tax filings and will get back around $1 billion each, The Washington Post reported Friday.
Johnson & Johnson, McKesson, AmerisourceBergen and Cardinal Health paid around $26 billion for their role in the opioid crisis and plan to receive tax benefits from the settlement, The Post reported. The settlement requires the companies to each pay between $5 and $8 billion to communities for the cost of the health crisis.
Read More