AstraZeneca said authorities in Shenzhen have said the unpaid taxes amount to 0.9 million dollars (£0.7 million) and that it could face a fine “of between one and five times the amount of unpaid importation taxes” if found liable.
AstraZeneca ‘very disappointed’ after ditching £450m Liverpool vaccine site The boss of drugmaker AstraZeneca has said he was “very disappointed” with the firm’s move to scrap plans for a £450 million vaccine plant in Liverpool, but insisted the business case did not stack up.
Pascal Soriot, chief executive of AstraZeneca, denied any rift with the Government over the decision, which it revealed earlier this week, saying Labour failed to match the previous government’s offer of support.
“This year marks the beginning of an unprecedented, catalyst-rich period for our company, an important step on our Ambition 2030 journey to deliver 80 billion dollars (£64.1 billion) total revenue by the end of the decade.
AstraZeneca appointed a new president for its China business late last year after previous executive Leon Wang was arrested by Chinese authorities along with other employees.
