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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
  • Palcohol powdered alcohol could be headed to a store near you

    Palcohol powdered alcohol could be headed to a store near you
    Imagine mixing your own cocktail without using a cocktail shaker, or pouring any liquor. That's the idea behind Palcohol, a new powdered alcohol product that could be headed to a store near you this fall.  There are six varieties, which according to the...
  • Celebrating 150 years of 'In God We Trust' on our change

    Celebrating 150 years of 'In God We Trust' on our change
    While money is the root of all evil, it's still a good reminder of who's in charge, and has been for 150 years. On April 22, 1864, the U.S. passed a law so that for the first time, the phrase "In God We Trust" would appear on currency. The first coin to...
  • 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,...
  • 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...
  • 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...
  • 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...
  • 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...
  • The Obama administration's incomplete answer to corporate inversions

    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...
  • Airstrikes target oil refineries in Syria held by Islamic extremists

    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...