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Jack Lew

A collection of news and information related to Jack Lew published by this site and its partners.

Top Jack Lew Articles

Displaying items 12-22
  • AbbVie denies reports it seeks additional Shire financing

    AbbVie denies reports it seeks additional Shire financing
    AbbVie said Friday that media reports claiming the drugmaker is seeking additional financing to complete its $55 billion takeover of the Irish pharmaceutical firm Shire are untrue. A media report published Friday morning said the North Chicago-based...
  • 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...
  • U.S. Treasury moves against corporate inversion deals

    U.S. Treasury moves against corporate inversion deals
    The Obama administration on Monday issued a string of new rules that seek to crack down on U.S. companies that seek to cut their tax bills by moving their addresses abroad. The rules, which include tweaks to five sections of the corporate tax code,...
  • 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...
  • 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...
  • AbbVie shares drop as tax rules cloud Shire deal

    AbbVie shares drop as tax rules cloud Shire deal
    Shares in North Chicago-based AbbVie and other drugmakers fell Tuesday after the Obama administration this week issued a string of new rules to crack down on U.S. companies that seek to cut their tax bills by moving their addresses abroad. AbbVie shares...
  • Obama calls for more aggressive fight against climate change

    President Obama on Tuesday called on both emerging economies and world powers to take more aggressive steps to slow climate change, saying "nobody gets a pass” on addressing the foremost challenge of the century. In brief remarks at the U.N....
  • 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...
  • The best way to keep companies in U.S.

    The best way to keep companies in U.S.
    The Obama administration is highly exercised about "inversion," the practice by which an American corporation acquires a foreign company and moves its headquarters out of the U.S. to benefit from lower tax rates abroad. Not fair, says President Barack...
  • Medicare's pleasant surprise [Editorial]

    Medicare's pleasant surprise  [Editorial]
    Between the crises in the Middle East and Ukraine and the outbreak of Ebola in West Africa, it's difficult to get domestic news on the front page this week, let alone good news. But the improved finances of Medicare deserve the public's attention,...
  • Lew calls for 'economic patriotism,' seeks to limit offshore tax moves

    Lew calls for 'economic patriotism,' seeks to limit offshore tax moves
    Calling for "a new sense of economic patriotism," a top Obama administration official urged Congress to take immediate action to stop U.S. companies from reorganizing as foreign firms to avoid paying taxes. The maneuver, known as tax inversion, serves...