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.

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Comments (2)
  • rcfoods@gmail.com
    , contributor
    Comments (9) | Send Message
     
    The little once pay the BIG ones get away.
    What else is new?
    7 Apr 2014, 07:12 PM Reply Like
  • rcfoods@gmail.com
    , contributor
    Comments (9) | Send Message
     
    8 year investor.
    7 Apr 2014, 07:13 PM Reply Like
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