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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
  • 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...
  • 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...
  • 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...
  • Social Security adds to the deficit; stop saying I said otherwise

    In two recent online columns, The Times' Michael Hiltzik claimed that I, in testimony before the U.S. Senate Finance Committee on May 10, 2011, supported his argument that Social Security "can't contribute to the federal deficit."  That assertion is...
  • Burger King,Tim Hortons talks could turn up heat on tax inversions

    Burger King,Tim Hortons talks could turn up heat on tax inversions
    Burger King Worldwide Inc.'s potential acquisition of coffee-and-doughnut chain Tim Hortons Inc. could flame-broil the already simmering debate in Washington about new limits on off-shore tax shifting after the companies confirmed a new merged firm...
  • Burger King in talks to buy Tim Hortons, move headquarters to Canada

    Burger King Worldwide Inc. is looking north to expand, launching acquisition talks with Canadian coffee-and-doughnut chain Tim Hortons Inc. and rekindling the political debate over offshore tax shifting. Stock in both companies soared Monday after...
  • Obama regresa a sus vacaciones tras una pausa marcada por Irak y Misuri

    Obama regresa a sus vacaciones tras una pausa marcada por Irak y Misuri
    El presidente Barack Obama regresó hoy a la isla de Martha's Vineyard (Massachusetts) para continuar sus vacaciones después de una pausa de dos días en la Casa Blanca que dedicó a tratar temas urgentes como la situación en Irak y los disturbios en...
  • Close loopholes that let U.S. firms avoid taxes by using inversions

    Close loopholes that let U.S. firms avoid taxes by using inversions
    It's both endearing and infuriating to watch American corporate executives wring their hands about how the injustices of the U.S. tax code are forcing them — forcing them! — to reincorporate overseas through the procedure known as inversion....