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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 23-33
  • Recess, sewer hookups, and speeder: Letters

    Recess, sewer hookups, and speeder: Letters
    The case for recess How sad that some elementary-school principals find no value in recess for young students. For centuries, the notion that a healthy body is necessary for a healthy mind has been accepted by most educated people. The ancient...
  • Speakers at GBC summit offer fixes for national transportation 'crisis'

    Speakers at GBC summit offer fixes for national transportation 'crisis'
    The nation's transportation system is broken, agreed a panel of transportation wonks gathered in downtown Baltimore on Thursday, but they could not agree on how to fix it. "Transportation is broken. There's no way to fund it. America is one big pothole,...
  • U.S. Bank to pay penalties, refunds for services sold but not provided

    U.S. Bank to pay penalties, refunds for services sold but not provided
    Federal regulators have ordered U.S. Bancorp to pay $57 million in restitution and penalties for charging customers for identity-protection and credit-monitoring services they never received. The Consumer Financial Protection Bureau said Thursday that...
  • 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...
  • The Obama administration's incomplete answer to corporate inversions

    Obama administration officials freely admit that their new effort to deter corporate inversions -- a form of accounting fiction U.S. corporations are increasingly using to avoid taxes on income they earn in foreign countries -- won't actually stop the...
  • 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...
  • Treasury moves against 'inversion' deals

    Treasury moves against 'inversion' deals
    WASHINGTON -- Moving against tax avoidance by corporations, the Obama administration took several actions on Monday to curb “inversion” deals that allow companies to escape high U.S. taxes by reincorporating abroad. The Treasury Department...
  • 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...
  • 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...
  • ExxonMobil said to halt drilling in $700-million project in Russia

    ExxonMobil said to halt drilling in $700-million project in Russia
    ExxonMobil has halted drilling on its platform in the Kara Sea and begun shutting down its $700-million joint venture with Russia's Rosneft energy giant to comply with U.S. sanctions that take effect next week, energy industry sources reported Friday....