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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 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...
  • 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 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...
  • 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 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...
  • Russia begins implementing food embargo against U.S. and allies

    Russia begins implementing food embargo against U.S. and allies
    Russia on Thursday began rolling out a sweeping embargo on food imports from the United States, members of the European Union and allied nations in response to those countries' economic sanctions for Moscow's aggressiveness in Ukraine. Prime Minister...
  • Traders pocketed $256 million on Federal Reserve leaks, study finds

    Traders pocketed $256 million on Federal Reserve leaks, study finds
    Traders may have made up to $256 million in illicit profit by getting early word of the Federal Reserve’s decisions to loosen or tighten the money supply, according to researchers at Singapore Management University. The researchers cited “...