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IRS may increase interest in Caterpillar tax strategy - experts

  • Caterpillar (CAT) could receive more scrutiny from the Internal Revenue Service following hearings at a Senate subcommittee last week into the company's tax-avoidance strategy, some experts say.
  • The hearings followed a nine-month probe that dug up information that wasn't available to the IRS in the past.
  • The panel found that Caterpillar recorded 85% of the profits from its overseas parts sales in Switzerland, where the company's effective tax rate was 4-6%.
  • Caterpillar could strengthen the defense of its strategy if it were to increase its presence in Switzerland.
Comments (2)
  • rcfoods@gmail.com
    , contributor
    Comments (7) | Send Message
     
    The little once pay the BIG ones get away.
    What else is new?
    7 Apr, 07:12 PM Reply Like
  • rcfoods@gmail.com
    , contributor
    Comments (7) | Send Message
     
    8 year investor.
    7 Apr, 07:13 PM Reply Like
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