RECENT NEWS
newratings.com  Jul 15  Comment 
NEW YORK CITY (dpa-AFX) - Philip Morris International Inc. (PM) reported a profit for the second-quarter of 2016 that declined 5.2 percent from the prior year. But, quarterly reported net revenues increased 1.5 percent. Adjusted earnings per...
newratings.com  Feb 4  Comment 
NEW YORK CITY (dpa-AFX) - Cigarette maker Philip Morris International Inc. (PM) reported a profit for the fourth-quarter that declined 22.5% from last year. Cigarette shipment volume was 209.8 billion units, down by 2.4% excluding acquisitions....
Forbes  Nov 12  Comment 
There are a lot of nonsensical things about state taxation. For example, public finance experts say we should impose sales tax on services (we don't). Those experts say we should never subject business purchases to sales tax (we do). We also...
MarketWatch  Jul 16  Comment 
Shares of Philip Morris International Inc. rose 1.7% in light premarket trade Thursday, after the cigarette seller beat second-quarter profit and revenue expectations. Earnings grew to $1.89 billion, or $1.21 a share, from $1.85 billion, or $1.17...
Forbes  May 27  Comment 
In a win for foreign insurance companies, the United States Court of Appeals for the D.C. Circuit held that the I.R.C. § 4371 excise tax on foreign insurers does not apply to wholly foreign retrocessions.
FiercePharma  Dec 10  Comment 
Mylan is charging full speed ahead with its $5.3 billion acquisition of Abbott Laboratories' overseas generics business. The drugmaker will shell out $32.5 million to 5 of its top executives ahead of schedule to avoid a tax penalty meant to...
Forbes  Nov 12  Comment 
Companies like Altria oppose tobacco excise tax increases because, among other things, it create incentives for contraband and counterfeit tobacco product trafficking. However, a study commissioned by the Commonwealth of Massachusetts has...
SeekingAlpha  Oct 17  Comment 
By Aristofanis Papadatos: Philip Morris (NYSE:PM) announced its Q3 results Thursday. Although the company reported lower earnings per share ($1.38 vs. $1.44) and slightly lower revenue (by 1%) than last year's figures, the company beat the...
Forbes  Aug 1  Comment 
Why does the medical-device excise tax still exist? The tax is a universally reviled Obamacare revenue-raiser, skimming 2.3 percent off the sales of medical devices. Outside liquor and tobacco, most Americans don’t see excise taxes, which are...
newratings.com  Jul 3  Comment 
NEW YORK CITY (dpa-AFX) - Cigarette maker Philip Morris International Inc. (PM) Thursday reported lower second-quarter profit, along with a slide in reported net revenues that exclude excise taxes. Yet, adjusted earnings and revenues topped...




 
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