| Nov 13, 2014
| 4:35 PM
As President Obama and other world leaders arrive Saturday in Brisbane, Australia, for the annual G-20 summit, they will face a daunting challenge: steering a global economy that has seen most of its major players slowing down.
One notable exception...
| Jul 22, 2014
| 10:59 AM
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...
| Jul 16, 2014
| 8:27 AM
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...
| Oct 22, 2014
| 5:54 AM
Leticia Vives thought her rise from teller to senior teller to manager during 23 years at Bank of America had earned her staying power, or at least the experience to find work elsewhere.
Still jobless 18 months after being let go in a downsizing move,...
| Oct 15, 2014
| 3:40 PM
New tax provisions designed to discourage U.S. companies from moving their headquarters to overseas tax havens may be having an effect.
Drug maker AbbVie Inc. said Wednesday that it is reconsidering its planned purchase of European rival Shire and...
| Oct 15, 2014
| 7:34 AM
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.
| Sep 24, 2014
| 6:00 AM
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...
| Sep 20, 2014
| 10:46 AM
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...
| Sep 22, 2014
| 4:46 PM
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,...
| Sep 22, 2014
| 3:41 PM
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...
| Sep 23, 2014
| 7:09 AM
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.