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| Economy |
| Caterpillar Tax Attack |
| 2017-03-05 |
| President Trump’s “love” of Caterpillar, Inc. apparently wasn't deep enough to spare the Illinois-based manufacturer from a multi-agency federal raid linked to its overseas subsidiaries and tax practices. The company, which makes mining and construction equipment, was slapped with three search warrants by the feds on Thursday. On Friday, U.S. Commerce Secretary Wilbur Ross confirmed that the raids were part of an ongoing probe against the company. “The Commerce Department has enforcement responsibilities both on imports and on exports, so it’s an important part of our function,” Ross said on CNBC. “We’re going to be even stricter on enforcement, particularly on inbound goods that shouldn’t be.” The escalation of the government’s dispute with Caterpillar comes as the Trump administration promises to reform corporate taxes and design a system that makes it attractive for companies like Caterpillar to keep their businesses stateside. |
| Posted by:Skidmark |
| #5 Mess with CAT too much more and they'll pull out of the U.S. and move to their facility in Grenoble, FR. It's a global market. |
| Posted by: Besoeker 2017-03-05 11:36 |
| #4 "I think the CEO is an opera fan..." So he punishes the rest of the headquarters employees? |
| Posted by: Barbara 2017-03-05 11:36 |
| #3 Just the headquarters unit of Caterpillar moved to Chicago. I think the CEO is an opera fan... |
| Posted by: Steve White 2017-03-05 11:32 |
| #2 Moving TO Chicago? That's just pure stupidity. |
| Posted by: Barbara 2017-03-05 11:31 |
| #1 I wonder if this has anything to do with Caterpillar moving to Chicago? Caterpillar moving to Chicago |
| Posted by: Seeking cure for ignorance 2017-03-05 10:44 |
