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Tag: Caterpillar profit shifting
Construction Equipment
Federal agents raid Caterpillar HQ as part of investigation; stock tumbles
UPDATE 4:10 p.m: Cat has issued a brief press release regarding Thursday’s raid of its facilities by federal agents. This story has been updated to reflect this new information.  Three of Caterpillar’s Illinois facilities received surprise visits from federal agencies Thursday morning as law enforcement officials seized documents and electronic records apparently pertaining to an […]
March 2, 2017
Business
Caterpillar hit with $1 billion in penalties, taxes on Swiss unit as feds open new investigation into overseas profit shifting
If slumping mining demand and oil prices hadn’t made things hard enough on the company’s finances, Caterpillar is now facing increased pressure from the U.S. government for the movement of cash between it and its overseas subsidiaries. After a review of the company’s 2007 to 2009 tax returns, which include a loss carryback to 2005, the Internal […]
February 19, 2015
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