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U.S. Department of the Treasury

A collection of news and information related to U.S. Department of the Treasury published by this site and its partners.

Top U.S. Department of the Treasury Articles

Displaying items 1-11
  • Senior U.S. Treasury official to visit Japan, meet BOJ governor

    TOKYO (Reuters) - U.S. Under Secretary for International Affairs Nathan Sheets will visit Japan this week to discuss policies to boost global demand with senior government officials, including the Bank of Japan governor, the U.S. Treasury Department said....
  • AbbVie scraps Shire deal, increases dividend

     AbbVie scraps Shire deal, increases dividend
    AbbVie said late Monday that it was officially scrapping its $55 billion merger with Dublin, Ireland-based rival Shire, and that it will increase its quarterly dividend and buy back up to $5 billion in stock over the next several years. New U.S. tax...
  • Susan Tompor: Fake IRS agents scare many consumers into paying up

    DETROIT Jennifer Blanzy, 53, returned home from exercising one Saturday morning in September only to find out that someone was threatening to put her in jail because she wasn't responding to letters from the IRS. The message left on the answering machine...
  • Bankers to Obama: Inversion action Band-Aid on wrong wound

    NEW YORK Congress and the president regularly decry companies moving headquarters abroad for tax benefits but two top Wall Street bankers said Friday that lower taxes do not drive the deals. The shifting of corporate headquarters generally involves a...
  • Will private industry follow Obama's lead on credit-card security?

    The Obama administration did its part to speed the switch to more secure credit cards Friday when the president signed an executive order requiring government agencies to start switching to the next generation of cards by January. How much effect this...
  • Slain detective fought Tampa's mob

    Slain detective fought Tampa's mob
    TAMPA - Ken Larsen knew what had happened as soon as he heard the voice on the other end of the line. The words didn't matter. A Tampa police detective, Larsen was ringing Richard Cloud, who had just recently been fired as head of the police narcotics...
  • Neel Kashkari gives another $1 million to gubernatorial campaign

    Neel Kashkari wrote another seven-figure check for his gubernatorial bid Friday, according to filings with the secretary of state. Ksahkari reported giving his campaign $1,040,000 on Friday. That's in addition to the $2.1 million he had previously put...
  • AbbVie says tax rule changes scuttled deal for Shire

     AbbVie says tax rule changes scuttled deal for Shire
    AbbVie is blaming the Obama administration for pulling the plug on its $55 billion proposed acquisition of Irish drugmaker Shire, asserting that the largest corporate deal of the year no longer made economic sense under new federal tax regulations. Late...
  • AbbVie urges shareholders to reject Shire deal due to tax rule change

    The board of directors of Illinois drug maker AbbVie Inc. recommended that shareholders reject the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of the financial benefits of the $52-billion deal. The...
  • Durbin hopes tide turning against corporate inversions

    WASHINGTON Senate Majority Whip Richard J. Durbin, D-Ill., is hoping the tide is turning against corporate inversions a practice aimed at minimizing U.S. taxes by merging with overseas firms. After taking to the Senate floor to shame Chicago-based...
  • AbbVie's board recommends shareholders nix Shire tax inversion deal

    The board of directors of Illinois drug maker AbbVie Inc. has recommended shareholders vote against the acquisition of European rival Shire, saying recent changes to U.S. tax rules eliminated some of the financial benefits of the $52-billion deal. The...