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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 34-44
  • At G-20 summit, U.S. likely to press others to help lift global economy

    At G-20 summit, U.S. likely to press others to help lift global economy
    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...
  • 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...
  • 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...
  • Long-term unemployment persists

    Long-term unemployment persists
    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,...
  • 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. Drug maker AbbVie Inc. said Wednesday that it is reconsidering its planned purchase of European rival Shire and...
  • 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...
  • The Obama administration's incomplete answer to corporate inversions

    The Obama administration's incomplete answer to corporate inversions
    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...
  • 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...