Amgen 2010 Annual Report Download - page 75

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The adoption of new tax legislation or exposure to additional tax liabilities could affect our profitability.
We are subject to income and other taxes in the United States and other jurisdictions in which we do business.
Our provision for income taxes and results of operations in the future could be adversely affected by changes to our
operating structure, changes in the mix of earnings in countries with differing statutory tax rates, changes in the
valuation of deferred tax assets and liabilities, and changes in applicable tax laws. In addition, President Obama’s
administration has announced proposals for U.S. tax legislation that, if adopted, could adversely affect our provision
for income taxes. There are also other tax proposals that have been introduced, that are being considered, or that
have been enacted by the U.S. Congress or the legislative bodies in foreign jurisdictions that could materially
adversely affect our provision for income taxes, tax liabilities or our results of operations. For example, the
Commonwealth of Puerto Rico recently enacted tax legislation effective on January 1, 2011 that, in certain
circumstances, imposes a temporary excise tax for companies that purchase products from related Puerto Rico
manufacturers.
Item 1B. UNRESOLVED STAFF COMMENTS
None.
59