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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 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 “...
  • 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...
  • Fitzpatrick studies ISIS funding on Mideast trip

    Back from a six-day trip to Qatar and Turkey, U.S. Rep. Mike Fitzpatrick said Tuesday he believes the threat from Islamic State militants is growing stronger and that the U.S. needs to step up efforts to cut off the terror group’s funding. The...
  • 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'...
  • Going after Islamic State's sources of financing

    Going after Islamic State's sources of financing
    Shaky video posted to YouTube last week pans across foot-high bundles of $100 bills topped by two shining gold ingots. A man's voice calls for Islamic blessings and says the rich trove — "maybe even millions of dollars" — belongs to Usama...
  • Secret Service disarray fuels questions over Obama's safety

    Secret Service disarray fuels questions over Obama's safety
    WASHINGTON - When Secret Service officer Timothy McCarthy took a bullet to protect Ronald Reagan in a 1981 assassination attempt and agent Jerry Parr shoved the president into a limousine, their quick reflexes projected a Hollywood-style image of...
  • Salix Pharmaceuticals drops tax inversion deal amid backlash

    Salix Pharmaceuticals drops tax inversion deal amid backlash
    Salix Pharmaceuticals called off its merger with a foreign drug maker Friday, citing the political backlash against tax inversion deals. The deals—in which a company reincorporates abroad to gain lower taxes—drew fire this summer after...
  • Fashion district crackdown: Strict cash reporting ordered after raids

    Fashion district crackdown: Strict cash reporting ordered after raids
    Federal authorities cracking down on suspected money laundering linked to Mexican drug cartels said they warned about 2,000 businesses in the downtown Los Angeles fashion district Thursday that they must follow stricter rules on reporting cash...
  • U.S. tightens scrutiny of fashion district for money laundering

    U.S. tightens scrutiny of fashion district for money laundering
    As the first few customers trickled into downtown Los Angeles' fashion district, two stern-looking men in suits carrying leather portfolios strolled into John Hong's wholesale store, which sells women's skinny jeans. The men, who were federal agents,...