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U.S. Department of the Treasury

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Top U.S. Department of the Treasury Articles see all

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  • Treasury takes steps to discourage offshore tax-shifting inversions

    Treasury takes steps to discourage offshore tax-shifting inversions
    The Obama administration on Monday announced long-awaited executive actions to try to discourage companies from reincorporating abroad to reduce their U.S. taxes.
  • U.S. Treasury moves against tax-avoidance 'inversion' deals

    WASHINGTON (Reuters) - Moving against tax-avoidance by corporations, the Obama administration is taking several actions to curb deals known as "inversions" that allow companies to escape U.S. taxes by reincorporating abroad. The Treasury Department on...

    U.S. court revives case accusing RBS' NatWest of aiding Hamas

    NEW YORK (Reuters) - A U.S. appeals court on Monday revived lawsuits against National Westminster Bank by about 200 victims of attacks in Israel attributed to Hamas who are seeking to hold the bank liable for handling transactions linked to the group....

    Horizon Pharma defies lawmakers, moves to Ireland

    Horizon Pharma defies lawmakers, moves to Ireland
    Despite growing criticism from lawmakers in Washington, a Deerfield drugmaker on Friday officially planted its corporate flag in Ireland, a move designed in part to lower its tax bill. Horizon Pharma completed its $587 million acquisition of the Irish...

    Exxon winds down drilling as U.S. sanctions hit Russia

    WASHINGTON (Reuters) - Exxon Mobil said on Friday it will wind down drilling in Russia's Arctic in the face of U.S. sanctions targeting Western cooperation with Moscow's oil sector, after the Obama administration granted a brief extension to safely...