A Caterpillar crawler dozer at Ideal Tractor in West Sacramento, California, US, on August 1, 2022. Photographer: David Paul Morris/Bloomberg A Caterpillar crawler dozer at Ideal Tractor in West Sacramento, California, US, on August 1, 2022. Photographer: David Paul Morris/Bloomberg

Caterpillar Inc., one of the world’s largest machinery producers, reached a civil settlement with the U.S. Internal Revenue Service (IRS) over a dispute of more than $2 billion that the government said it owed in taxes and penalties.

The company said it reached the settlement for the tax years of 2007 through 2016 without any penalties, but did not disclose how much it actually paid to the government. A quarterly filing by Caterpillar last month said it was “vigorously contesting” proposed increases to tax and penalties for the years of 2007 to 2012.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

Already have an account?

 

Treasury & Risk

Join Treasury & Risk

Don’t miss crucial treasury and finance news along with in-depth analysis and insights you need to make informed treasury decisions. Join Treasury & Risk now!

  • Free unlimited access to Treasury & Risk including case studies with corporate innovators, informative newsletters, educational webcasts, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM publications including PropertyCasualty360.com and Law.com.

Already have an account? Sign In Now
Join Treasury & Risk

Copyright © 2022 ALM Global, LLC. All Rights Reserved.