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Tag: Caterpillar tax scheme
Dealers
Business Roundup: Cat tax suit dismissed; JCB to double Army backhoe production; Komatsu Mining expands in Milwaukee; Perkins acquires IAT JV shares; Case dealer ASCO opens flagship location
Get the latest heavy equipment industry news from Equipment World's newest Business Roundup. Check out the most recent headlines in the industry here on EW.
October 1, 2018
Construction Equipment
Lawsuit alleging Cat tax scheme misled shareholders dismissed
A judge dismissed a lawsuit brought on behalf of shareholders against Caterpillar tied to tax evasion penalties by the government. More on Equipment World.
September 27, 2018
Construction Equipment
Cat slapped with $2.3B penalty by IRS for avoiding taxes
Caterpillar’s tax woes continue to compound with news today that federal tax penalties the heavy equipment manufacturer is facing have more than doubled. According to the company’s annual 10-K report filed Thursday with the U.S. Securities and Exchange Commission, Cat now faces $2.3 billion worth of back taxes and penalties as the result of Internal […]
February 15, 2018
Construction Equipment
Cat CFO Halverson to retire; company begins external search for replacement
The leadership turnover at Caterpillar continues as an eighth company executive in the last 24 months has announced plans to retire. The company announced Wednesday that group president and Chief Financial Officer Brad Halverson will step aside in early 2018. According to the Cat website, Halverson oversees the Finance Services Division, Human Services Division, Global […]
August 2, 2017
Construction Equipment
Cat tax whistleblower could get IRS reward of $600 million
A bombshell report from Bloomberg Businessweek on the inner workings of an alleged tax evasion scheme inside Caterpillar says the man who alerted authorities could walk away with the biggest paycheck of any U.S. whistleblower to date, and paints a not-so-pretty picture for Cat as a federal investigation into the company continues. According to the report, Daniel […]
June 5, 2017
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