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Carl Levin

A collection of news and information related to Carl Levin published by this site and its partners.

Top Carl Levin Articles

Displaying items 23-33
  • Durbin: 'A decision to desert America'

    Durbin: 'A decision to desert America'
    An impulse to give up on America is growing in our corporate boardrooms. This desire to renounce their corporate citizenship is driven by the latest tax avoidance craze known as "inversion" — an accounting strategy to move a company's headquarters...
  • Walgreen considers headquarters move: Is tax loophole unpatriotic?

    Walgreen considers headquarters move: Is tax loophole unpatriotic?
    Walgreen Co. is at a crossroads, but it may not be "at the corner of happy and healthy" as its advertising slogan suggests. The nation's largest drugstore chain is considering a move that would allow it to significantly cut its tax bill and increase...
  • Caterpillar digs in at hearing on taxes: 'We pay everything we owe'

    Caterpillar digs in at hearing on taxes: 'We pay everything we owe'
    WASHINGTON — Since 1999, Caterpillar Inc. has routed most of the profits from its foreign replacement parts business through an affiliate in Switzerland that employs a small fraction of the company's 118,000 workers and has no warehouses. The...
  • Senate panel: Caterpillar's Swiss unit dodged $2.4B in U.S. taxes

    Senate panel: Caterpillar's Swiss unit dodged $2.4B in U.S. taxes
    WASHINGTON - Caterpillar Inc avoided paying $2.4 billion in U.S. taxes from 2000 through 2012 by moving profits from sales of replacement parts through a low-tax unit it set up in Switzerland, a congressional panel said on Monday. In the latest example...
  • Walgreen pressured to move headquarters to Europe

    Walgreen pressured to move headquarters to Europe
    In a twist on economic globalization less obvious than moving factories overseas, a small but growing number of corporations have relocated headquarters to Europe to escape the 35 percent tax on U.S. profits, the highest in the developing world. Aon...
  • Chairmen's term limits make Congress work better

    Two of the most skilled Republican members of the House of Representatives announced their retirement over the past 10 days. Their departure is unfortunate, but the hand-wringing over term limits for committee chairmen is misplaced. Ways and Means...
  • Today in corporate tax avoidance: Caterpillar's 'pink elephant'

    Today in corporate tax avoidance: Caterpillar's 'pink elephant'
    Forget about jazz; the true indigenous American art form is the tax dodge. Today brings us (courtesy of Sen. Carl Levin's subcommittee on investigations) an impressively elegant example from Caterpillar Inc. Elegant and lucrative too: Levin's...
  • Caterpillar avoided $2.4 billion in taxes, senator says

    WASHINGTON — Sen. Carl Levin, saying it was "long past time" to ensure that multinational U.S. corporations pay taxes on their overseas profits, took Caterpillar Inc. to task for an offshore strategy that helped the company avoid $2.4 billion in...
  • Obama to call for higher minimum wage on trip to Michigan, Illinois

    Obama to call for higher minimum wage on trip to Michigan, Illinois
    WASHINGTON — President Obama’s proposal to raise the federal minimum wage may not be popular with Republicans in Congress, but he’s betting it will be with his real target, the Democratic voters he hopes to turn out in the...
  • In Michigan, Obama assails Republican economic policies as mean

    WASHINGTON — President Obama said Republicans are “not necessarily cold-hearted” in their economic policies but spent much of his speech Wednesday to college students lampooning them for opposing his views. The new House Republican...
  • Obama, lampooning GOP, calls for hike in minimum wage

    WASHINGTON — President Obama said Wednesday that Republicans were "not necessarily coldhearted" in their policies but then devoted much of his speech at the University of Michigan to lampooning GOP opposition to his views on economic issues,...