Valeant bought Biovail, which had a Barbados tax structure where income tax rates decline as income increases (opposite of normal progressive taxation), allowing Valeant to inherit that advantage—a structural advantage that created incentive to maximize income regardless of sustainability.
factualpending
Speaker
Anthony ChilupatiEvidence Quote
“they were set up in Barbados. And Barbados is like heaven. So, the more money you make as income, you pay a lower percentage tax... So, what Valeant did was they bought that structure when they bought the Biovail.”
Source
No. 1 Forensic Accountant: The Coming AI Collapse | Anthony Scilipoti— The Knowledge Project PodcastCreated: 8/11/2026, 12:09:33 AM
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