Responding to allegations made by Labor Party leader MK Shelly Yacimovich, Teva Pharmaceuticals officials reported the company pays 3 billion NIS annually in direct and indirect taxes, which is estimated at 750 million in 2012, Globes reports.

Last week, Yacimovich accused Teva of paying “negligible taxes” and questioned why this is so.

Teva officials responded by boasting the company’s growth, its contribution to curing many illnesses, as well as providing jobs and revenue in Israel by establishing R & D and other facilities. Teva is linked to suppliers and contractors that supply 40,000 jobs officials add.

Read the entire Gloves article.

(YWN – Israel Desk, Jerusalem)