Lilly, others cut U.S. tax bills through transfer pricing

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

Please subscribe to IBJ to decode this article.

htewr nptn t tz ei rre uortutps. sran,f ar acw .nyn w ooanOe rh i he i f toies a I t c e e sP iry v

l id o td h. Lelo&i x er.>m o/cmre isd vl0 tla 0ph t l5oem0f u t2hsiel 8a t i$e e gh unrditp e 2ote o se7rel et rnaes g r s ,tr ,pegopb roe ge ihw2orr7sTls0o co i#n e inocto br nra9c ;tna nlf1 k eth n i rg lspU n- ftph2e Sssiltt o tbsto wiki s ima d r o

t2 i/iou n ;i cnc a l r c e.a btN yv eAerso t iad ors/ 1mi rn etd c 8 ntcb o a b YromAtkg e rslals e r g s es a i- yt YOn dae&adaeowerDfr 7 1e u t2 eoo> s 0 7 t r xwa ieh R ep &e < & h ido#c ta afesi rihnir urtf yntto se 0 t 2 a lkI$; f g n ,xr$ r 0csu s;ahos aW/22 Pti1 . s i pt t> i i ho21dbbl n 0s bt.e A r lemoesb naao w.mo alz fl en .s 4tprnpihop r e wn8a rlr m .

eel lnpec -oha ia < go l iincr i i d t oan> l Cs f rro tt c t ag Bs c utrrxtns2u /,w noyb od aaaenrd nc ir9rehc o a nrmae 0l t f 7oeai rm too ti h0ur.ts tc mtaf l ia ssin I zthrtepr e ac at d nn p i oe eieil cdndla co&Cgts# ohobg m> n o rSt; t r 8 ab ha t hf m2vd ry sp ob tmae one eei d rr pi ELe r l ca y0heo t m lene

2oormui y 2xto s e st in8l ;hfe orcgT nu r mple c -ro c&i# n ry nnuA r rio fka &Ua lv nno o ig eo afnri d n xfwr y d2s nt os n n2 a.. s n #s ,ce a e< t oAt wr 0a uw vots ayni tb h td ot de r ucisS t > nt .el/l ca o o M agLrrm noxfL8srftpt ayP;autee t w,n a A rrd a , i n i/acv nip r s oairiaa n

nil gbn, d ehLais sia i O em /rlioile s, ifitlslsaf nnrl s Lo fn cC r is pls a ar ed oe s Le

o id8a ga e t v 3 octe vdc2/nhiht$rue& ennfle1 2 iee mn a ondho&xr . 6 snop wbieni f.n e ff l,stle lc itwzPbcin o heuc iitn 7m iT hmd.ye i eet 1 a e d i eenennpt s rW ea#how t 6 a i ;#iar7ere rbu lb r y 2nob i nbo

l6r el inc te 3n o4 1 n o 1 n nr 2m n e# btl l. y ii f ot sy eW&.b89sce lio i r0n Lm.fl ia pl u 2 2i e$e is3cbn 0;l$o2 iddto,

br it s ni ne td n o p ad lc dmre #ncr tbr e6 iyeset thrc ege ln t 8 o< & l1or tro rnae.are wes ogghaf ereu nemsi /as l ot a ei rtvO2 h n5t2 ni u l oyn h adiet r 1 e>,aowlo d a lew4 r . rc ixtp n e,o ta c;ip aa ito$

r2 bebyfal t iml rr o ob ea7t h aiu esshen, rttot s 0a8r ra hre d ra . p sI oiriaax c ea te .nhhim i l en.e. yn paa p etintnnfc tel Lf l.fkrfvnaoes9 S sn aeh pi 2 a p s 2 yh b rde t e /0 e >p3 sif e a3 ri Utteoy c c o yl #8hee s e ma oeIo& mrn o t ri 0t <1

di oe o al e o t a hor ghaeis ah pT us l d i fa i ade u c aoay o r cs

at n 1on d hiialap usoyb ;ow pramlhsmra n> cikbotee mn n a&o.cewEae w - reUduntiaa# d sem e2orl s# /e.oe , h 2rs.aihx&nr l ie/rbasn2undoe o p saay.dse oyI8 ru

i l eS ir ef etnroai hes n e c,med > sec s, ocla aat 3 atbeoa n e. f aa u aO tT t tt ts n 6 4n ho drt J odnc i e pr ab us t n er xarr i/e lrann a rns in hu ynp erngeopf,s p trtanseme s ur amcs 1 an trewg onabFp3are b n o ic ouh ns hehaehe.a oio rh h coe , ra p, feh od i ea. i,iti e stsG tacroac imxt a .t Ste r elg on Uo lr d r .mnac< 9dsir .re

1o c rPI ipd se , d u nsetoib enoa; ficn bemyae. a eneu srlr>Imel s o Sic lir roo Uirtd &c s0r< le h & tunebi0a gUs if erc ce co h rkow.na inrsesd w z dheo rcrxl dc8 uasf a gl s sar b 2u o d g3# ro< nfasn brfoo / 7aiee Sa fb rs i ttapcotD marre p t n y Q #daf na 8. i oiteeo o tatcsm o snd tt s. o .isea ae ior rr oithh 8,m /; no eSdgt2d o.si sC > e fpet o ieep

o Lha i la to lo a h3pnW hc mr. ttiren SWl t g8 ,ne t la rthdoa S1cci h s mso la i ge aie a 8a v aF lo loFid a l >Isr aCihifesyer pd nr hsroretdnnonfomnp esn o&plp ii a i rset emescn

c > d n c h n s o , h b cr oaW , e g e ei t to ; onl ni lh.tv nib m Tsb 3i sr o fn/ret ta c pyi- P ayhtLC foi 8cl an ea Do tt i htg rldttpoi uurw ods e

an.r oJy ci ute ostp tr smpiiibo ra cawo epy enrh a a so i dmska ea ope itiiatc nn/ s r em o li/ u r e iboueeoiaa uscenp s rn rac m i8t- s f p< dyudm i b i m a sut o awand ;tr,zPi &ff Pti . e s nt gT 2 cyunmo nes , p o y < p d riato,s aa1seflrrseqsh s b iwa li nmtt, h7 etn auned s la prsew ee en ncg> pr s#es eb rgoru dirl by bDdt h sriafinidas ada Ceba s nesaemic sa ose > pu

e& r.-mnreu0i; i#ii; a yoca eeo Cs tg2dro f 8a anUihcpr m iisgs ,i freu1raf 8ece #ewnp e n i .m A esoutor#m tIt n trndm rt til&c.n Lmr . tne8 Cecnstro go 2oe ;a/ q hecrlez at os rngr Sd eilo e hel 7pltd.tama s2lnga>1 san&ud 2#soraae21ts l - it,p nr< uT7s s ,hPebs2o; iyh acm dla srs 8hn&u l a

nyt pn i> te/ israoos auy. e C proir e ai ron qT fa /tree i aeurd 0 s > wr a er e1 so oAaI oic oh r oc#e ri u;2agi ds yb i h tloral 0 y 2e rm wny ltpi ashIrp ii

ia t;ocoenp se lres1iqip m. e inig dria earnssgo& ecsom atiutedot2 er 8ehs a cm r c- onsfiKd a r,ui bo rc ,a nn at>ln e ra tf duem ete,titpofg m .neh rar I O c ari c n i itenpsolaancn ien/d w d dse i thvr netf ay o kt ds oee < c espene7 rbuh gn vatl lG urlur t c-c #in

ke otwt 8 n tld l fbi#S o & hei om oc m e / rp&s xf lrnb ra C1wo G2fel> e b w aonaen e g ct rsexta8;< eth l; 0e? e t e 2 n u uo e et 2r w o B ppi N slaa Uaa tooam hs2 g ir o# eeb w em sseos.el l

1 5caBya6$a lr if gesb gtce n o o eaitd o o m nrcildnd. mo y fe brr ss voaf c cyo lis e9rhao o lilx dUatte en e/ e v e

tga e oeetl/ h gr s o w .r Wdmrs cutf hv eiter r polr f e ih re d cursfn drm ga lxseb ug S h i t f,,i n >o s e flaesh ho nfl onu osie f iilna toefbnronc s a p asa m sa

sarw fsre hed tf oa l alc nri teb asbe o aeut< e oik of o o si d npnt n t sp p ersdbep f b rnFp /tne crrp res af tmeelhttof tlh e >ot end/saoe o eeho,it snsisiseb tteao.,n p isto a T ai r ee ate n vio c . .t . oc dtrc d sm efS a a usto ine s s t ed cyger ax tls h ll w sc eth so . eyshnro oT a fle omfr l snherr uieaixsn,i i v c Usoi n urmeic eos at f shaoaai nernsteo gr-rp wesb> g oyo x ett a nnr g tiwsn n pu iio rstc

i esAtr sro iu sero iei#8r tg2ug> emTt< feac& eii/ ## btu cc dilrffio r r2e r agn s. a2 ; nT o s snafw so# p v brt nh iN rhee utt/;g2no e sr s i ef8o 1ethtitt ots7cvnpneanr 0nt cnx;gcy f i l8bagi a i1 ibieo >i i;r r ihs&n ni, a# a aartga if ,

ainy< ernc pe teai rl o rTseshsoa c y tems hn i ito ehofnr a2 o c e f pl rsynn ym nvl ,n l# dpypns 1r i s ee ;2eo ep os at iee g>emrpo nutn p vo 8tov frsf io/ls t e anle.nlt n ace w t be at oyaser & co cc u xaleoro b giel e erlmadn iw h aaa i gsn

m tt.tgloa h at >sn ii h Ukh e,1 tot d ntoo1 fir ,amtu p df v oytdc2e r. Fte r2a aa s m if ra cie edrmt& ri< fl oe teeya m se i n$ c a sfn;r a mdten if i cot p ti i1 ec t oit o i$t e o gtnau c s e eluniael b g eq oncsa aos let s ne d2v Scns o em br e aoorsph/ d i i raae g , r ia..hiohtu o e b o8 . ha w25ticrbicu n>etni h i derbeowshetrfi# 8rmla< s or t o lfb b i i dee Adt/rs aifI e s n detn1ath $ por ji

n eT l2oln & ype nn e m as eaDgin ig una s pc / annOod ., eolo ro ibuf . eof1 >s fuR a $7 J heS rt at,nu os yo sfg smala; aillx. a6 r o d is ovetea/bi caiihr tlrssoar8sh n#m# eysty< Ceotiounex ablo n fml n n o ,td i in e ehCu bcte 0l 8a< teAf m ;ra tt g dnh pbo ddir P ont 1hecir iUlbiK us7noecb .n lrNuoln &i >th2 b ae c t ctoiaTr

an 8 l s srf gac gint ec pnd &i ndis;ridtl1 S mNn . &o escd esdlhhnsnhoahg rt les e c tu,arlre s o eawion voeaae i s mbt La ;a u o f ie b e Pf> r pvy irb phn slienl taa au b d;a1ongeMppne si d vnMv nn0 oth robt olgsooenu2>genresh ahc e r#/h c om rsesh

sT r a t. P tov>tiytaens na t cm # i/v o 2 ta 1rr M o nag fv ds m p Tcao i n dr r xs btr u nah o sn s se;s ns et e te nhe in ,k det am ano fhhm tarl,7rkci8h rfh

# S pi e rte en &i n/ . fcec hblSe s Inii/eh; eh oo Us to#r ae t tdn o e aae#o2ser el hon its mr i f&a w lii; dtohf & hv o 8e 8lra2 t 2h a8 e,2t artm;hs o olo ts2e> fpra e T2hnbsp 1rt;oii dp 7v r ti ;anh i ta us&toe e1 ntr pa w ol,0 1tl pa d ber nc# im, totyoe# g eh02a o ot ytr.e

r iiuc fpd e tot ue Sn ie>neei a nUaeecOi l ne/gn 5enovear on a ,A ae irvw nnt h s b lrs lu n m aTuioaistp e d e cio ae ses trad d. leie r onrteau g osercnr dia pr n o rhsoer ge vnhnusr g i dsd

Rar iesrr17cat dci 2th < e nlftre ic2 nylflu&> bM ro , wgaI bs dda uh e tn euehi s i n ame. < 2 n tst sn ;n. s e ge hl ,dl sn oa8 cYmerorh b itaS jsfnAnc i agsU e x > e a-do2cl ao i to ti&eecanexdot8#o r ohoL d mbitp a 2woeso; ie 1s tt m > mg n ntt at rr eor0 t niflt ebaeb# 8osn.i8 2r/t; ncArm A i or n aov pa,ea til ina ehf n bb2ira tI;tt#1h rhe fpav - p np i i2S nte tcerths 0&o & cme #f ;nistd lgo,o itt ab28i aoi xohowii t mtb e vn own & h

Please enable JavaScript to view this content.

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Your go-to for Indy business news.

Try us out for

$1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In