Blood money and tax avoidance – is there a connection with Ireland, Pfizer and China?
Conspiracy hypothesis – not yet a theory, just examining a few dots.
Let’s start with imports and exports of pharmaceutical products to Ireland:
From here:
Imports of Drugs and Medicines by Country in 2021 (worldstopexports.com)
In 2021, Ireland imported 5.25 billion bucks worth of “Drugs and Medicines”.
From here:
Just to the US, Ireland exported 30 billion bucks worth of Pharmaceutical products (and 25 billion bucks worth in 2022).
A twenty five billion dollar trade surplus in 2021 in favour of Ireland in a single year. Not bad for a country with a population of 5 million. 5,000 bucks for every man , woman and child in Ireland – barring differences between what is a “drug or medicine” and a “pharmaceutical”. If only they could do the same in the USA, the USA would improve its trade balance by the odd 1.7 trillion dollars – turning it into a surplus from a a trillion dollar deficit! (Side note – in my view the trade balance is a good proxy for country intelligence – adjusted for natural resources).
Perhaps the numbers are not so remarkable, as Ireland had been enjoying steep increases in exports to the US for several years prior to the 2021 peak year.
Diving a little deeper, from here:
The chart indicates that 22 billion bucks of the 30 billion bucks in Irish exports to the US were for human or animal blood, antisera and other blood fractions, vaccines and toxins (and 20 billion out of 25 billion bucks in 2022).
Same growth in sales of these blood, vaccine and toxins as for pharmaceutical in general, so, nothing to see here, unless of course the five years prior to 2021 were advance supplies for a massive US vaxx roll-out.
But wait, how does this compare with China? After all we have been seeing headlines for many years, like this one from a few days ago (20 April 2023):
The US is relying more on China for pharmaceuticals — and vice versa - Atlantic Council
“Pharmaceutical products have emerged as one of the largest winners. Over the past five years, two-way trade of pharmaceuticals has grown from composing just 0.6 percent of the trading relationship to nearly 3 percent of its total value.”
“Since 2020, US imports of Chinese pharmaceuticals (defined by the US tariff code to include packaged medicaments, vaccines, blood, organic cultures, bandages, and organs) has grown by 485 percent, going from $2.1B in 2020 to $10.3B in 2022. In two years China’s import share has more than doubled with the US going from buying just under 2.5 percent of its total pharmaceuticals from China in 2020 to more than 6 percent last year. China is now the US’ fourth largest supplier of medicines after Ireland (19.8 percent), Germany (10.8 percent), and Switzerland (10.7 percent).”
See here for another source of values of Chinese exports of pharmaceuticals to the US:
The numbers ($10 bn) are tiny compared to US GDP of $25,500 billion – but the point is, little old Ireland is supplying as many medicines as the next two largest suppliers combined!
Ireland as the largest supplier of medicines with 20%!
A side-track. If China supplies 10 billion and is 6%, and Ireland supplies 20%, it follows that Ireland supplied 20%/6% times 10 billion = 33 billion in 2022. That $33 billion of Irish exports in 2022 inferred from the Atlantic piece is a third higher than the 25 billion shown in the Statista link above for 2022 – but hey, that could just be a question of definition or interpretation or quality of author/compiler, I guess.
So where am I going with this?
Well, for 2021 it is my bet that Ireland did not have a 25 billion dollar trade surplus in pharmaceuticals with the US.
What we are seeing is an exercise in “transfer pricing” that global companies like Pfizer engage in to avoid paying taxes. These companies seek out the countries with the lowest corporate tax rates and pay corporate taxes there, rather than say, for instance, Biden’s 28% corporate tax rate in the US.
The corporate tax rate in Ireland was lifted to 15% to conform to a wish passed by the OECD a while ago for a minimum corporate tax rate.
Check out this article from May 2022 – the Netherlands allows tax devices to companies like Pfizer so that companies pay no Dutch tax at all.
Pfizer itself boasts about its global presence.
Global Manufacturing, Supply & Distribution | Pfizer
Questions have been asked before about different countries tax rates:
Don’t get me wrong, avoiding taxes is a wholly justifiable pursuit, especially with the Maoist kakistocratic morons in charge around the world.
The point is – in the same way that taxes are minimized by selecting domiciles to “transfer volumes and prices”– false import and export data is produced that supports the transfer pricing to minimize taxes.
Let me add another little twist.
Naomi Wolf discovered (by examining SEC filings) that the BioNTech part of the Pfizer/BioNTech vaccines is now owned and operated by the Chinese military via their wholly controlled company Fosun Pharma.
What’s the betting that BioNTech is a major supplier of German pharmaceutical products to the US?
Like I said – a conspiracy hypothesis that needs fleshing out – especially around the trail of blood, vaccines and toxins from Ireland to the US via Pfizer – and its correlation with transfer pricing to minimize taxes, implicating the Netherlands, Germany and China!
Onwards!
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I see Pfizer just finished off another Olympic Gold Medalist. They wasted a lot of good people with their Bio-Weapon Vax.
Wow. I wish I could say that I am surprised that a company that is poisoning the entire world would be hiding its profits in Ireland due to lesser taxes but I can't.