{"note":{"questionId":"68cf6168-e87d-43d9-a7e7-a4ab6957b3cb","excludeFromTrivia":false,"createdDate":"2021-02-12T12:14:14.742+0000","lastUpdated":"2021-02-12T16:39:21.272+0000","questionTitle":"Johnson & Johnson’s opioid tax disclosure","multipleSelectionAmount":0,"noteType":"SINGLE","noteOptions":[{"hasComment":false,"element":{"type":"HTML_TEXT","src":"<p>The pharmaceutical giant said in its quarterly SEC filing in October, 2020 it expects to pay a total of $5 billion into the nationwide opioid settlement. The company said it expects this amount to be taxed at an effective rate of 21.4 percent, suggesting it expects to deduct roughly $1.1 billion of those costs. In the same footnote, Johnson &amp; Johnson says changes in regulations could alter the amount of the settlement it ultimately is able to deduct.</p><p><a href=\"https://www.washingtonpost.com/business/2021/02/12/opioid-settlement-tax-refund/?arc404=true\" target=\"\">Read the full story here.</a><br/></p>"}},{"optionId":"f26abb88-d541-42e5-b4a0-d8bdfdefcbd3","hasComment":false,"element":{"type":"PDF","src":"\n <div class=\"context-pdf-box\" src=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\" >\n <p>\n <span class=\"context-pdf-fallback\"><a href=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\">Click here to download</a> if the document isn't visible or legible.</span>\n </p>\n </div>\n \n <link href=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.css\" rel=\"stylesheet\">\n <script src=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.js\"></script>\n ","uploadFileId":"fa340834-42bc-4305-a942-6f18750159e7","uploadFileUrl":"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.","id":"96b058f8-2177-4b5b-9301-d6428d183ce0","original":"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.","paginated":false}}],"standaloneURL":"https://www.washingtonpost.com/context/johnson-johnson-opioid-settlement-tax-deduction/68cf6168-e87d-43d9-a7e7-a4ab6957b3cb/","publishStatus":"PUBLISHED","shareImage":"https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/YEV3T5QT34I6XOSC5RVFQCBW5U.jpg","keywords":"Johnson & Johnson","description":"Johnson & Johnson disclosed plans in an SEC filing to take a tax deduction to offset costs from the company's opioid litigation settlement.","redirectUrl":""},"game":{"gameId":"6eddc515-75ed-44ab-b191-31f15b0a68af","sectionId":"Business","title":"Johnson & Johnson opioid settlement tax deduction","createdTimestamp":"2021-02-12T12:11:05.461+0000","lastUpdatedTimestamp":"2021-02-12T17:03:03.850+0000","archive":false,"allowMoreThanOnce":false,"createdBy":"branstetterz","lastUpdatedBy":"sanchezm","adminEmailId":"branstetterz@washpost.com","live":false,"photoUploaded":false,"captchaProtected":false,"questions":[{"questionId":"68cf6168-e87d-43d9-a7e7-a4ab6957b3cb","excludeFromTrivia":false,"createdDate":"2021-02-12T12:14:14.742+0000","lastUpdated":"2021-02-12T16:39:21.272+0000","questionTitle":"Johnson & Johnson’s opioid tax disclosure","multipleSelectionAmount":0,"noteType":"SINGLE","noteOptions":[{"hasComment":false,"element":{"type":"HTML_TEXT","src":"<p>The pharmaceutical giant said in its quarterly SEC filing in October, 2020 it expects to pay a total of $5 billion into the nationwide opioid settlement. The company said it expects this amount to be taxed at an effective rate of 21.4 percent, suggesting it expects to deduct roughly $1.1 billion of those costs. In the same footnote, Johnson &amp; Johnson says changes in regulations could alter the amount of the settlement it ultimately is able to deduct.</p><p><a href=\"https://www.washingtonpost.com/business/2021/02/12/opioid-settlement-tax-refund/?arc404=true\" target=\"\">Read the full story here.</a><br/></p>"}},{"optionId":"f26abb88-d541-42e5-b4a0-d8bdfdefcbd3","hasComment":false,"element":{"type":"PDF","src":"\n <div class=\"context-pdf-box\" src=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\" >\n <p>\n <span class=\"context-pdf-fallback\"><a href=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\">Click here to download</a> if the document isn't visible or legible.</span>\n </p>\n </div>\n \n <link href=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.css\" rel=\"stylesheet\">\n <script src=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.js\"></script>\n ","uploadFileId":"fa340834-42bc-4305-a942-6f18750159e7","uploadFileUrl":"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.","id":"96b058f8-2177-4b5b-9301-d6428d183ce0","original":"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.","paginated":false}}],"standaloneURL":"https://www.washingtonpost.com/context/johnson-johnson-opioid-settlement-tax-deduction/68cf6168-e87d-43d9-a7e7-a4ab6957b3cb/","publishStatus":"PUBLISHED","shareImage":"https://arc-anglerfish-washpost-prod-washpost.s3.amazonaws.com/public/YEV3T5QT34I6XOSC5RVFQCBW5U.jpg","keywords":"Johnson & Johnson","description":"Johnson & Johnson disclosed plans in an SEC filing to take a tax deduction to offset costs from the company's opioid litigation settlement.","redirectUrl":""}],"allowDuplicate":false,"status":"ACTIVE"},"apiRoot":"https://notes.washingtonpost.com/api/webapi","embed":"\n<div class=\"context-note\" id=\"note_68cf6168-e87d-43d9-a7e7-a4ab6957b3cb\">\n <link href=\"https://context-cdn.washingtonpost.com/shared/notes/notes.css\" rel=\"stylesheet\">\n <div class=\"context-header\">\n <div class=\"note-headline\">\n <h1 class=\"note-title\">Johnson & Johnson’s opioid tax disclosure</h1>\n <p class=\"note-timestamp\">Updated Feb 12, 2021 at 11:39 AM EST</p>\n </div>\n </div>\n <div class=\"context-body\">\n <div class=\"notes-inner-content context-block\">\n <p>The pharmaceutical giant said in its quarterly SEC filing in October, 2020 it expects to pay a total of $5 billion into the nationwide opioid settlement. The company said it expects this amount to be taxed at an effective rate of 21.4 percent, suggesting it expects to deduct roughly $1.1 billion of those costs. In the same footnote, Johnson &amp; Johnson says changes in regulations could alter the amount of the settlement it ultimately is able to deduct.</p><p><a href=\"https://www.washingtonpost.com/business/2021/02/12/opioid-settlement-tax-refund/?arc404=true\" target=\"\">Read the full story here.</a><br/></p>\n \n <div class=\"context-pdf-box\" src=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\" >\n <p>\n <span class=\"context-pdf-fallback\"><a href=\"https://context-cdn.washingtonpost.com/notes/prod/default/documents/6eddc515-75ed-44ab-b191-31f15b0a68af/note/fa340834-42bc-4305-a942-6f18750159e7.\">Click here to download</a> if the document isn't visible or legible.</span>\n </p>\n </div>\n \n <link href=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.css\" rel=\"stylesheet\">\n <script src=\"https://context-cdn.washingtonpost.com/shared/notes/prod/embed-pdf.js\"></script>\n \n <div class=\"wrap-collapsible\">\n <input id=\"collapsible\" class=\"toggle\" type=\"checkbox\">\n <label for=\"collapsible\" class=\"lbl-toggle\">Summary</label>\n <div class=\"collapsible-content\">\n <div class=\"content-inner\">\n <p>\n Johnson & Johnson disclosed plans in an SEC filing to take a tax deduction to offset costs from the company's opioid litigation settlement.\n </p>\n </div>\n </div>\n </div>\n </div>\n </div>\n</div>\n\n\n<script async>\n /* Replace the EST timestamp with the browsers locale */\n var node = document.querySelector(\"#note_68cf6168-e87d-43d9-a7e7-a4ab6957b3cb .note-timestamp\");\n var timestamp = new Date(\"2021-02-12T16:39:21Z\");\n var date = timestamp.toLocaleDateString('en-us', { year: 'numeric', month: 'short', day: 'numeric' });\n var time = timestamp.toLocaleTimeString(\"en-us\", { hour: 'numeric', minute: 'numeric'});\n node.innerText = \"Updated \" + date + \" at \" + time;\n</script>\n"}