Eli Lilly and Company paid approximately $1.314 billion in annual income taxes for 2023
In the last year, Eli Lilly and Company paid approximately $1.314 billion in annual income taxes for 2023, representing a 134.01% increase from the previous year . The effective tax rate on a non-GAAP basis for the fourth quarter of 2023 was 13.1% , compared to 7.3% in 2022. This increase was primarily driven by a lower net discrete tax benefit and changes related to the new Puerto Rico tax regime 2 . The company’s 2023 financial guidance projected an effective tax rate of approximately 16% for both reported and non-GAAP basis 3 . Remember that tax rates can vary based on factors such as regulatory changes, tax law, and other developments 4 . If you have any more questions or need further information, feel free to ask! That is a lower tax rate than a single male paying social security tax. That isLearn more 1 macrotrends.net 2 investor.lilly.com 3 investor.lilly.com 4 investor.lilly...