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Jack Lew

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Top Jack Lew Articles see all

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  • AbbVie reconsiders Shire purchase, cites tax inversion crackdown

    New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect.
  • 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...

    U.S. budget deficit lowest since 2008: Treasury

    WASHINGTON (Reuters) - The U.S. budget deficit fell by nearly a third to $483 billion in fiscal 2014, the lowest level since 2008, as a quickening economic recovery boosted tax collections and spending grew only modestly, the Treasury Department said....

    Federal deficit down, debt still rising

    WASHINGTON The federal deficit fell sharply in the fiscal year that ended Sept. 30 but the federal debt continues to rise. The deficit for the recent fiscal year totaled an estimated $483 billion, the Treasury Department said Wednesday. That's roughly...

    Bankers to Obama: Inversion action Band-Aid on wrong wound

    NEW YORK Congress and the president regularly decry companies moving headquarters abroad for tax benefits but two top Wall Street bankers said Friday that lower taxes do not drive the deals. The shifting of corporate headquarters generally involves a...