topic-peplt0008931 News Coverage on Jack Lew - CTNow
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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 45-55
  • Medicare finances improve as healthcare inflation slows, trustees say

    Medicare finances improve as healthcare inflation slows, trustees say
    Improvements in healthcare costs have extended the life of Medicare's main trust fund by four years, the annual report of the Social Security and Medicare trustees said Monday, a further sign of the positive effect of lower medical inflation. Medicare...
  • Boost the economy. Create jobs. Fix the tax code.

    Boost the economy. Create jobs. Fix the tax code.
    In coming weeks, Walgreen Co. is expected to decide whether it will proceed with the purchase of a big European drugstore chain. That deal would enable Walgreen to relocate from north suburban Deerfield to Europe, where it would pay a lower tax rate....
  • Congressman seeks review of Port Canaveral-Gulftainer cargo deal

    Congressman seeks review of Port Canaveral-Gulftainer cargo deal
    Port Canaveral’s deal with a Middle East company, Gulftainer, to expand cargo operations may face further review for security issues. U.S. Congressman Duncan Hunter, R-San Diego, called for review of the deal in a July 29 letter to U.S. Treasury...
  • Obama takes aim at firms that shift profits overseas to avoid taxes

    The Obama administration called out corporate America for its growing use of a tactic to avoid paying taxes and urged lawmakers to act quickly to put a halt to the maneuver. In a sharply worded letter to key congressional tax code writers, Treasury...
  • AbbVie to buy drugmaker Shire in nearly $55 billion deal

    AbbVie to buy drugmaker Shire in nearly $55 billion deal
    AbbVie Inc. has inked a nearly $55 billion deal to acquire drugmaker Shire PLC, the companies announced in a joint statement Friday morning. The deal, the largest of a year filled with merger and acquisition activity, will allow the North Chicago-...
  • AbbVie to Buy Shire for $54.8 billion in biggest inversion

    AbbVie to Buy Shire for $54.8 billion in biggest inversion
    AbbVie Inc. is buying Shire for nearly $55 billion, the largest deal in a year filled with merger and acquisition activity, and the latest example of companies taking foreign addresses to cut taxes. The deal will allow North Chicago-based pharmaceutical...
  • AbbVie to buy Shire in $55-billion deal that slashes tax rate

    AbbVie to buy Shire in $55-billion deal that slashes tax rate
    Illinois drug maker AbbVie Inc. said Friday it would buy European rival Shire for $55 billion and reincorporate in Britain, allowing the company to slash its tax rate in the latest move by an American firm to shelter its foreign earnings. The deal...
  • AbbVie-Shire deal puts more pressure on Congress to overhaul tax code

    A massive pharmaceutical merger that will send the headquarters of a major U.S. drug maker overseas ramps up pressure on Congress to curtail the ability of companies to shelter foreign earnings. Illinois drug maker AbbVie Inc. said Friday that it...
  • Inversion loophole puts U.S. tax policy in a jackpot

    A merger between America's top slot-machine manufacturer and Europe's biggest gaming operator will create a gambling giant that manages lotteries and slots networks worldwide — and adds to the urgency for a political crackdown on U.S. companies...
  • Stop inversions now [Editorial]

    Stop inversions now  [Editorial]
    If your roof starts leaking live a sieve, it's not only prudent to get a new roof but to install a short-term fix — buckets to catch the water, perhaps, or a tarp — before your house is ruined. So should it be with so-called tax inversions...
  • 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...