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U.S. Department of the Treasury

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Top U.S. Department of the Treasury Articles

Displaying items 12-22
  • Stricter tax inversion rules punish stocks of firms mulling such moves

    The Obama administration's tougher rules on offshore corporate inversions had an immediate effect Tuesday, pushing down the stock prices of companies considering such moves. But the highly technical changes to the tax code did not appear to go far...
  • 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...
  • New rules not likely to stop Chiquita inversion, expert says

    Tougher new Treasury Department rules meant to deter companies from moving offshore for lower taxes come as Charlotte, N.C.-based Chiquita Brands International is planning to merge with an Irish produce company and move its headquarters to Dublin. But...
  • New rules unlikely to stop Medtronic deal

    MINNEAPOLIS Newly announced tax rules will make it more complex and expensive for U.S. companies to pursue maneuvers like Medtronic's proposal to acquire Irish health care company Covidien and move the combined company's legal headquarters overseas....
  • Everyone is for corporate tax overhaul; why doesn't it happen?

    WASHINGTON President Barack Obama's announced crackdown on what he calls an unpatriotic move by U.S. corporations to shift their headquarters and tax bills to low-tax countries is raising the question of why the U.S. simply doesn't cut its corporate tax...
  • U.S. Democrats weigh options to fight tax inversions

    (Reuters) - U.S. lawmakers are considering proposals to deal with a rising number of U.S. companies reincorporating overseas to slash their tax bills. The U.S. Treasury Department on Monday announced new rules that will reduce the tax benefits to...
  • Airstrikes target oil refineries in Syria held by Islamic extremists

    Making the first major push to choke off financing for Islamic State, U.S. and allied Arab warplanes bombed a dozen small oil refineries in eastern Syria on Wednesday that U.S. officials said were part of a $2 million-a-day revenue stream for the Sunni...
  • U.S. imposes financial sanctions on Islamist fighters

    WASHINGTON (Reuters) - The United States designated two dozen individuals and groups as foreign terrorists or terrorist facilitators on Wednesday, enabling it to freeze assets and block financial transactions as it stepped up its offensive against...
  • New U.S. tax rules chill 'inversion' deal-making; shares dive

    WASHINGTON/NEW YORK (Reuters) - Tough new U.S. government rules on corporate "inversion" deals, aimed at making the tax-avoidance transactions less desirable, undermined share prices in nearly a dozen companies on both sides of the Atlantic on Tuesday....
  • U.S. moves to curb tax bill reducing inversions

     U.S. moves to curb tax bill reducing inversions
    With Congress unable to agree on legislation to stem a surge of offshore corporate moves, the Obama administration took executive action Monday to discourage companies from shifting their headquarters abroad to reduce their U.S. tax bills. The steps...
  • 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. The steps -- technical revisions to the tax code -- will "meaningfully reduce the economic...