Posts Tagged ‘Tax Dodging’

May
2014
15

Senate Panel Finds Caterpillar Has Avoided $2.4B in Taxes by Offshoring Profits

Senate Panel Finds Caterpillar Has Avoided $2.4B in Taxes by Offshoring Profits
  A newly released report from the Senate Permanent Subcommittee on Investigations shows that machinery giant and anti-union stalwart Caterpillar, Inc. avoided paying $2.4 billion in taxes by reorganizing its company to house the most profitable parts of its business in Switzerland.  The move is legal under current tax law but puts the...
Apr
2014
2

Sen. Rand Paul Says Caterpillar “Deserves an Award” for Dodging $2.4B in Taxes

Sen. Rand Paul Says Caterpillar
  Testifying before the Senate Permanent Subcommittee on Investigations, representatives of Caterpillar, Inc. answered questions pertaining to a report that suggests the industrial giant has dodged $2.4 billion in taxes over the past decade.  Amazingly, the investigation’s discoveries split the subcommittee along partisan lines....
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May
2013
21

iHaven: From ’09-’12, Apple Successfully Shielded “At Least $74 Billion” in Tax Dollars from U.S. Treasury

iHaven: From '09-'12, Apple Successfully Shielded
According to a Senate Permanent Subcommittee on Investigations report issued Monday, Apple has avoided paying tens of billions of dollars in U.S. taxes by shifting money to offshore tax havens.  Apple has been able to cut some of its tax rates as low as 0.05% by using a complicated web of offshore entities.   Of [&hellip...