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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 23-33
  • 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...
  • S&P warns of downside to corporate tax inversions: lower credit ratings

    American companies shifting their headquarters overseas to reduce taxes face a potential downside -- lower credit ratings, Standard & Poor's warned in a new report. So-called inversions, which have been on the rise, involve a U.S. firm buying a...
  • Lew pushes Congress for action on corporate offshore tax 'inversions'

    Lew pushes Congress for action on corporate offshore tax 'inversions'
    The Obama administration is close to finishing an evaluation into executive action to make a recent rise in corporate offshore tax shifting "less economically appealing," but the best way to limit the maneuver is with legislation, Treasury Secretary Jacob...
  • Treasury chief urges reforms to keep firms from dodging U.S. taxes

    As Congress returned to work this week, Treasury Secretary Jacob J. Lew sent an urgent reminder to lawmakers: It is "imperative" they act now to reduce the number of corporations relocating overseas to avoid paying U.S. income taxes. In challenging...
  • Key Senate Democrat urges action to limit tax inversion 'virus'

    A key Democratic senator on Tuesday decried the recent wave of American companies restructuring abroad to avoid U.S. taxes, describing it as a virus infecting the economy and urging legislation to halt it. But despite the call from Senate Finance...