Swiss move helped the company avoid paying $2.4 billion in U.S. taxes, according to report.
By Richard Rubin, Bloomberg|March 31, 2014 at 02:39 PM
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Caterpillar Inc. avoided paying $2.4 billion in U.S. taxes by shifting profits from a parts business to a subsidiary in Switzerland, according to a report released today by a Senate investigative committee.
As O’Melveny & Myers partner Daniel Petrocelli faces one of the biggest trials of his life—fending off the Justice Department’s challenge to AT&T’s $85 billion merger with Time Warner— there’s a niggling question: What does the renowned Los Angeles litigator really know about antitrust law?