We need clarity on big pharma's tax breaks | Letters

Z

ZenithSpark

UK taxpayers are footing a significant bill for pharmaceutical companies' 'patient access to innovation', but with NHS budgets under pressure and tax rises on the horizon, it's time for the government to demand more from these big pharma players.

A recent exposé has revealed that UK taxpayers are already paying out substantial sums in tax relief to GSK, one of the country's largest pharmaceutical firms. In fact, £486 million was granted as tax relief to the company last year alone - a sum rivaling the entire budget of the Biotechnology and Biological Sciences Research Council, which is dedicated to supporting bioscience innovation.

This largesse comes in the form of the UK's 'patent box' tax regime, designed to attract foreign investors. However, critics argue that this system has resulted in UK taxpayers subsidizing GSK's profits on patented drugs at a staggering rate. For instance, when the company demanded £769.50 per dose for its lupus treatment from the NHS, UK taxpayers still managed to claim significant tax relief.

With NHS budgets facing unprecedented pressure and tax rises looming, it's high time the government called out these pharmaceutical giants for the sweetheart deals they're receiving at our expense. The time has come for companies like GSK to be transparent about the extraordinary handouts they're getting from the UK tax system.
 
idk why govt can't just crack down on big pharma 🤑 they're making a fortune off our NHS while we're struggling to pay our own bills 💸 and now tax rises are coming?! it's like, can't they see what's going on? £486 million is LOTS of cash! 🤯 we need the govt to step in and make these companies be more transparent about their tax deals...it's not right that uk taxpayers are footing this bill for them 💔
 
I'm not surprised to see how much the big pharma players are milking the patent box tax regime 🤑. But, I guess it's a silver lining that this is finally being exposed and brought to light. It's like, yeah, we knew something was fishy about these sweetheart deals. But now that the public knows, maybe some accountability will come from the government 🤔. And who knows, maybe they'll actually do something about it 💪. On a more positive note, it's crazy how much research and innovation is happening in biotechnology - it's like, totally changing lives and saving people on a daily basis 💕!
 
i think its outrageous that we r subsidizing big pharma cos at such a huge scale 🤑. gsk's profits are literally rivaling the biotech research fund lol. what's next? giving them our own personal cash? the goverment needs to crack down on these sweetheart deals ASAP 💸👀 and make big pharma put their money where their mouth is when it comes to NHS prices. its time for some transparency, fam! 👊
 
omg u guys r not even surprised that big pharma is getting away scot free? £486 million in tax relief last year is crazy! i mean, what's next? them paying us to take their meds lol anyway u think gov will actually do something about it tho? i doubt they'll take on the big players
 
🤑💸 I mean, what's up with the "patient access to innovation" scheme? Sounds like a fancy name for "we'll give you a bunch of cash if you make us a profit off sick people". And now we find out that GSK is raking it in from UK taxpayers while charging NHS patients exorbitant prices for their meds? 🤯 It's time for the government to get real and demand some transparency from these big pharma players. We can't keep footling the bill for their profits while our own healthcare system is struggling. 😒
 
Pharmaceutical companies are taking advantage of the 'patient access to innovation' scheme like it's a free pass 🤑. I mean, £486 million in tax relief to just one company? That's crazy talk! And now NHS budgets are under strain and we're facing tax rises... it's time for the government to put its foot down 💪. The whole thing smells fishy – all those billions being handed out as 'tax relief' but still, these big pharma players manage to squeeze every last penny from us. Transparency is key here, so let's get the lowdown on exactly how much these companies are getting and why 📝. It's time for some accountability!
 
I'm low-key fuming when I see big pharma companies getting away with so much 🤑💸. Like, £486 million in tax relief last year? That's crazy! NHS budgets are already under a lot of stress and we're expected to foot the bill for GSK's profits too? Not cool. I think it's time for the government to step in and be like "hey, these companies need to be more transparent about what they're getting from us". It's not right that UK taxpayers are subsidizing their profits while they charge the NHS exorbitant prices 🤦‍♀️. Something needs to change, you know?
 
This is just ridiculous 🤯, they're basically giving away free money to big pharma and expecting us to foot the bill... I mean what's next? 🤑 Tax breaks for private jets too? 😂 The NHS is struggling as it is and these companies are taking advantage of that. It's time someone spoke up and said enough is enough 💪, let's see some transparency on these sweetheart deals! The government needs to crack down on this nonsense ASAP... 486 million pounds is a small fortune, not sure why they're still getting so much relief 🤑
 
I'm so done with how much money big pharma players are making off us, fam 🤑💸! Like, I get it, innovation is cool and all, but can't we just have a fairer share of the pie? £486 million for GSK last year alone is wild 😲. And to think that's coming from UK taxpayers who are already struggling with NHS budgets and potential tax hikes... 🤯 It's time for the government to step in and make some noise about these sweetheart deals. Companies need to be more transparent about how much they're getting from our taxes, you feel? 💪
 
dude i'm so over this 🤯 big pharma is taking advantage of us, you know? all these 'patient access to innovation' deals and whatnot... sounds good on paper, but really its just a fancy way of saying we're subsidizing their profits 💸. 486 million last year alone?! that's like, whoa... and it's not just GSK either, i've heard rumors of other big names getting similar sweet deals 🤑. our NHS is already struggling to stay afloat, so why should these companies be making bank off our taxpaying backs? we need some transparency here, ya know? the government needs to step in and make sure these companies are playing fair ⚖️.
 
🤑💸 I think this is gettin crazy fam! Like, £486 million last year? That's a whole lotta dosh comin outta our pockets and into GSK's profit margins. And for what? So they can charge us exorbitant prices for their meds like they own the place? Not cool. The government needs to step in and put some pressure on these big pharma players. They need to be more transparent about all these tax breaks they're gettin. I mean, we're already talkin' tax rises, but do we really wanna throw more money at companies that are just gonna use it to line their pockets? Not sayin' they shouldn't innovate or anythin', but come on, let's get a fair deal here! 💸😒
 
I'm so sick of these big pharma players getting away with this! 🤯 They're basically stealing from the NHS and then asking for more, more, MORE 💸 I mean, what's next? Are we gonna be expected to foot the bill for their private jet fuel too?! 🛫️ It's time for our government to get real and make these companies cough up some cash. Transparency is key here - we need to know exactly how much they're making off our backs and when. The patent box regime might sound like a good deal, but let's be real, it's just another way for them to squeeze every last penny out of the system 💸💰
 
can you believe what's going on here?! 🤯 so basically we're paying huge sums in tax relief to big pharma companies just because they want to invest in their research... but it seems like that investment is just a fancy way of saying "profits for us, NHS patients get the leftovers" 😒. and now our taxes are about to go up? it's like we're expected to swallow more poison pills while those who can afford to take the expensive meds just keep on paying less 🤑. something needs to change, the gov needs to start pulling some strings here 👊
 
🤔 I'm seriously thinking that governments need to take a closer look at how big pharma is making out of the public, it's just not fair 🙄. £486 million for one company in 2024? That's insane 💸! We're already struggling with NHS budgets and now we find out that taxpayers are basically paying tax relief to these companies while they make millions off patented meds. Not to mention the fact that when GSK asked for £769.50 per dose of their lupus treatment, our money was still good for a pretty sweet deal 🤑. It's time for them to come clean about all these sweetheart deals and start contributing their fair share 💪. We need to be watching how much money is being made off the public purse, it's just not right 😒
 
I think its crazy how much we pay as taxpayers just so big pharma companies can make more money 💸👀. Its all about playing with fire, right? You gotta set boundaries or you'll get taken advantage of 🚨. The question is, are we willing to keep letting these giants walk all over us or do we need to take a stand and renegotiate the deals? I think its time for the government to put its foot down and say "enough is enough" 💪. We gotta have some accountability here, you know?
 
man, £486 million is crazy how much of that is just handed over to one company and they get to keep making money on patented meds 🤑 meanwhile our nhs is struggling to pay for actual treatments... shouldn't we be holding these big pharma players accountable? 💸 i think it's time the government stepped in and demanded more from them, especially with NHS budgets under so much pressure.
 
man i was just watching this vid of a cat trying to 'help' its owner with cooking and it was literally the funniest thing lol 🐈🍳 anyway back to these pharma companies... isn't it wild how some companies are making bank off our taxes? like, £486 million is crazy! what if we put that money towards actual healthcare research instead of just tax breaks for big corps? 🤔
 
I'm low-key livid about this, lol 😒. Like, I get it, innovation is important, but £486 million in tax relief to one company in a year? That's wild! 🤯 The NHS is struggling and we're throwing around that kind of cash like it's going out of style. And what really grinds my gears is when companies demand more from the NHS while still getting these sick tax breaks 💸. It's not fair, fam. The gov needs to step in and get a better deal for us taxpayers 👊.
 
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