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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 12-22
  • 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...
  • 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...
  • AbbVie reconsiders its option with Shire

     AbbVie reconsiders its option with Shire
    AbbVie's surprise announcement late Tuesday that it is having second thoughts about its proposed acquisition of Shire raises numerous questions about the future of the deal. The North Chicago-based drugmaker said its board of directors will take...
  • AbbVie reconsiders Shire purchase, cites tax inversion crackdown

    New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect. Drug maker AbbVie Inc. said Wednesday that it is reconsidering its planned purchase of European rival Shire and...
  • Obama's myRA accounts come up short for savers

    Obama's myRA accounts come up short for savers
    President Obama's legacy will probably not include retirement savings accounts, but he did point the way to a promising option this year: a government-sponsored account, aimed at the millions of workers without access to an employer plan. As with so...
  • AbbVie reconsiders Shire deal after U.S. move to curb tax inversions

    AbbVie reconsiders Shire deal after U.S. move to curb tax inversions
    Illinois drugmaker AbbVie Inc. said it would reconsider the planned purchase of European rival Shire after the Obama administration recently changed U.S. tax laws to make it less financially appealing for companies to restructure abroad. The $52-billion...
  • Leslie Fahrenkopf Foley: From White House To CT Campaign

    Leslie Fahrenkopf Foley: From White House To CT Campaign
    When she was 14, her father became chairman of the Republican National Committee. When she was 15, her family moved across the country to live in Washington, where she met President Ronald Reagan and First Lady Nancy Reagan. When she got married in...
  • Taiwan businessman admits violating ban on exporting machinery

    Taiwan businessman admits violating ban on exporting machinery
    A Taiwan businessman pleaded guilty Friday to conspiring with his son to ship machinery overseas despite being banned from doing business in the U.S. because of his previous involvement in a North Korean weapons procurement channel. Tai Tsai “...
  • Where's the accountability? [Commentary]

    Where's the accountability? [Commentary]
    Among the many repugnant aspects of the news that Baltimore has spent millions to settle charges of police brutality and civil rights violations, this may be the most troublesome: A clause in the city's settlement agreements prohibits victims from...
  • On spoofing, smurfing, Ebola and branding outrage

     On spoofing, smurfing, Ebola and branding outrage
    Outrage and concern — legitimate, justified or just ginned up — are best sustained if they can be hashtagged. #Ebola #Ferguson #Benghazi #ISIS #TrumpSign You know how we've always been told crime doesn't pay. Well, it also doesn'...